Fitch affirms Bahrain Mumtalakat

Fitch Ratings said it affirmed Bahrain Mumtalakat Holding Co.'s long-term issuer default rating and senior unsecured rating at BB-, and short-term issuer default rating at B.

The outlook is stable.

“We assess the strength of linkage and incentive for Bahrain to provide support, in case of need, as warranting a high score of 45,” the agency said in a news release.

“This leads to an equalisation of Mumtalakat's issuer default ratings with Bahrain.”

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