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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

Financial monitor revises Mumtalakat rating

Posted on 17 March 2011

From Gulf-daily-news.com: Fitch Ratings has downgraded Bahrain Mumtalakat Holding Company’s (Mumtalakat) long-term issuer default rating (IDR) and senior unsecured rating to BBB from A-. The agency has simultaneously downgraded the short-term foreign currency IDR to F3 from F1.
In addition, the agency has put the long-term IDRs and senior unsecured ratings on rating watch negative……………………………………….Full Article: Source

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