Bahrain’s credit rating “stable” at B+/B amid economic challenges: S&P

S&P Global Ratings has affirmed Bahrain’s ‘B+/B’ long- and short-term foreign and local currency sovereign credit ratings, maintaining a stable outlook on May 26.

This assessment reflects confidence in Bahrain’s ongoing fiscal consolidation efforts, despite recent economic challenges, noted the ratings agency.

S&P added that the stable outlook for Bahrain indicates expectations that the government will persist in its measures to…