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S&P Ratings

S&P Ratings latest

Bahrain: S&P Revises Outlook to “Negative” Due to Fiscal Reform’s Pace
May 30th, 2021 - 08:00 GMT

Bahrain: S&P Revises Outlook to “Negative” Due to Fiscal Reform’s Pace

Despite its expectation that Bahrain’s economy will return to growth this year, rating agency S&P revised its outlook for the Gulf country to “negative,” mainly due to its pace of fiscal reform. Bahrain’s economy contracted by 5.4 percent last year, according to the International Monetary Fund , as the COVID-19 pandemic battered key sectors such as energy and tourism. This will change in 2021, S&P said, with the oil-producing country’s ...
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S&P: Saudi Banks Have Enough Capital to Cope With COVID-19, Oil Shocks
May 14th, 2020 - 07:00 GMT

S&P: Saudi Banks Have Enough Capital to Cope With COVID-19, Oil Shocks

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