Photo Credit: Arabianeye-Reuters
The National Bank of Bahrain (NBB) has confirmed the news spread in the media about Fitch Ratings downgrading the bank’s credit outlook to ‘Negative’.
Fitch has recently downgraded the outlook of NBB as well as Bank of Bahrain and Kuwait (BBK) to ‘Negative’ from ‘Stable’. The rating agency has maintained its long-term Issuer Default Rating (IDR) at ‘BBB-’
Source:
Mubasher
