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S&P revises Mumtalakat outlook to 'Stable'
- Bahrain: Wednesday, January 30 - 2013 at 07:08
The outlook of Bahrain's Mumtalakat has been revised by Standard & Poor's Ratings Services to 'Stable' from 'Negative' and its long- and short-term local and foreign currency issuer credit ratings affirmed at 'BBB/A-2,' Daily Tribune has reported. The ratings agency said it was equalising the ratings on Mumtalakat with those on Bahrain because it believed that there is an "almost certain" likelihood that the Bahraini government would provide timely and sufficient extraordinary support to Mumtalakat in the event of financial distress.
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