16.01.2014 - Mumtalakat boost as key ratings affirmed
Fitch Ratings has affirmed Bahrain Mumtalakat Holding Company's long-term issuer default rating (IDR) and senior unsecured rating at 'BBB'. The agency has also affirmed Mumtalakat's short-term IDR at 'F3'. The outlook on the long-term IDR is stable. Mumtalakat's $750 million five per cent notes, due June 30, 2015, have also been affirmed at 'BBB'. The company's ratings are aligned with the kingdom (BBB/stable/F3), reflecting a strong relationship between it and the state...............................................Full Article: Source
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