New York, S&P Global Ratings has raised its outlook on Bahrain to positive from stable and affirmed the country’s ‘B+/B’ ratings.
The ratings agency said “Bahrain’s relatively diverse economy benefits from proximity to the large Saudi Arabian market, strong regulatory oversight of the financial sector, a relatively well-educated work force, and low-cost environment.”
Bahrain’s economy is also benefiting from an increase in regional activity, S&P added, Market Watch reports.
Source: Bahrain News Agency