Bahrain outlook improves on fiscal reforms: S&P
S&P Global Ratings has revised Bahrain’s outlook to ‘stable’ from ‘negative’ on the back of new fiscal reforms aimed at improving non-oil revenues and cutting state spending, Reuters quoted the ratings agency, as saying in a statement. Rated below investment grade, Bahrain was bailed out to avoid a credit crunch in 2018 with a $10 … Read more