Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Asharq Al-Awsat
Asharq Al-Awsat
World
London - Asharq Al-Awsat

Moody's: Gulf Aid Will Bolster Bahrain Rating

Ratings firm Moody's said on Thursday that Bahrain's B1 credit rating will be supported by aid pledged by other Gulf countries this week, as long as it is large and flexible.

Saudi Arabia, Kuwait and the United Arab Emirates said on Tuesday that they would provide funding to Bahrain. 

"New financial commitment from the GCC would provide effective support to the sovereign's credit profile if it is large, given the government's financing needs over the next 12-18 months," Moody's said.

It expected further Gulf support to Bahrain given its strategic importance.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.