Fitch Ratings revised outlook on Batelco to negative and affirmed at "BB+" (LT Int. Scale (foreign curr.)) credit rating

June 16, 2017 - CBonds

 

Fitch Ratings affirmed the "BB+" LT Int. Scale (foreign curr.) credit rating of Batelco on June 15, 2017. At the same time the rating agency revised outlook to negative from stable.
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Issuer: Batelco
Issuer profile:
The Batelco Group, is headquartered in the Kingdom of Bahrain and listed on the Bahrain Bourse; {Bahrain Telecommunications Company (BATELCO)}. Batelco has played a pivotal role in the country's deve... more
Outstanding issues:
1 issuesUSD650,000,000
Issuer rating:
S&P Global RatingsBB-/NegativeForeign Currency LT06/05/2017
S&P Global RatingsBB-/NegativeLocal Currency LT06/05/2017
Fitch RatingsBB+/NegativeLT Int. Scale (foreign curr.)06/15/2017