S&P turns Batelco view to positive

S&P said it revised its outlook for Bahrain Telecommunications Co. (Batelco) to positive from stable and affirmed its B+ rating.

S&P said it considers Batelco a government-related entity because Bahrain owns 77% of the company.

The positive outlook follows a similar revision on Bahrain’s outlook to positive from stable on Friday, the agency said.

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