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Moody's: Bahrain banking sector facing negative outlook
- Bahrain: Tuesday, August 18 - 2009 at 09:46
Moody's Investors Service has said that the fundamental credit outlook on the Bahraini banking sector is negative, considering the expected weakening in the financial metrics of rated Bahraini banks within the context of weaker regional economies. Moody's outlook expresses the rating agency's view on the likely future direction of fundamental credit conditions in the industry over the next 12 to 18 months. For the most part, these expectations are already incorporated in current bank ratings, the rating agency has said.
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StaffTuesday, August 18 - 2009 at 09:46 UAE local time (GMT+4)
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