Rating: Bahrain Credit Rating 2024

Rating Moody's Bahrain

Long term Rating				Short term Rating
Foreign currency		Local currency		Foreign currency		Local currency
Date	Rating(Outlook)	Date	Rating	Date	Rating	Date	Rating
2022-04-22	B2 (Stable)
2021-04-29	B2 (Negative)
2018-12-17	B2 (Stable)
2018-08-03	B2 (Negative)
2017-07-28	B1 (Negative)
2016-05-14	Ba2 (Negative)
2016-03-04	Ba1 (Under Review)
2015-04-16	Baa3 (Negative)	2022-04-22	B2
2013-09-18	Baa2 (Negative)	2021-04-29	B2
2013-06-14	(Under Review)	2018-12-17	B2
2011-05-26	Baa1 (Negative)	2018-08-03	B2
2011-02-23	(Under Review)	2017-07-28	B1
2010-08-23	A3 (Stable)	2016-05-14	Ba2
2009-01-06	(Negative)	2016-03-04	Ba1
2007-07-25	A2	2015-04-16	Baa3
2007-07-24	A2 (Stable)	2013-09-18	Baa2
2006-10-04	A3 (Positive)	2011-05-26	Baa1
2006-09-07	(Under Review)	2010-08-23	A3
2003-12-11	Baa1	2007-07-25	A2
2003-11-15	(Stable)	2006-10-04	A3
2002-08-15	Baa3	2002-08-15	Baa1
1996-01-29	Ba1	1999-03-30	Baa3

Moody's: Long term Rating

Rating S&P Bahrain

Long term Rating				Short term Rating
Foreign currency		Local currency		Foreign currency		Local currency
Date	Rating(Outlook)	Date	Rating	Date	Rating	Date	Rating
2023-11-24	B+ (Stable)
2022-11-25	B+ (Positive)
2021-11-26	B+ (Stable)
2021-05-28	B+ (Negative)
2020-03-26	(Stable)
2019-11-29	(Positive)
2017-12-01	B+ (Stable)	2023-11-24	B+
2017-06-02	(Negative)	2022-11-25	B+
2016-12-09	BB- (Stable)	2021-11-26	B+
2016-02-17	BB (Stable)	2021-05-28	B+
2015-02-09	BBB- (Negative)	2017-12-01	B+
2014-12-12	(Negative)	2016-12-09	BB-	2016-02-17	B	2016-02-17	B
2013-01-28	(Stable)	2016-02-17	BB	2015-02-09	A-3	2015-02-09	A-3
2011-07-20	(Negative)	2015-02-09	BBB-	2012-07-20	A-2	2012-07-20	A-2
2011-03-18	BBB	2011-03-18	BBB	2011-03-18	A-3	2011-03-18	A-3

S&P: Long term Rating

Rating Fitch Bahrain

Long term Rating				Short term Rating
Foreign currency		Local currency		Foreign currency		Local currency
Date	Rating(Outlook)	Date	Rating	Date	Rating	Date	Rating
		2020-08-14	B+
		2019-11-12	BB-	2019-11-12	B
		2019-02-28	BB-	2019-02-28	B
		2018-03-01	BB-	2018-03-01	B
		2017-06-12	BB+	2017-06-12	B
2020-08-14	B+ (Stable)	2017-02-15	BB+	2017-02-15	B
2019-11-12	BB-	2016-07-22	BB+	2016-07-22	B
2019-02-28	BB-	2016-06-28	BB+	2016-06-28	B
2018-03-01	BB- (Stable)	2015-12-04	BBB	2015-12-04	F3
2017-06-12	BB+ (Negative)	2015-06-05	BBB	2015-06-05	F3
2017-02-15	BB+ (Stable)	2014-12-19	BBB+	2014-12-19	F3
2016-07-22	BB+ (Stable)	2014-09-24	BBB+	2014-09-24	F3
2016-06-28	BB+ (Stable)	2014-09-09	BBB+	2014-09-09	F3
2015-12-04	BBB- (Negative)	2014-08-22	BBB+	2014-08-22	F3
2015-06-05	BBB-	2014-08-06	BBB+	2014-08-06	F3
2014-12-19	BBB	2014-07-31	BBB+	2014-07-31	F3
2014-09-24	BBB (Stable)	2014-07-23	BBB+	2014-07-23	F3
2014-09-09	BBB (Stable)	2014-06-27	BBB+	2014-06-27	F3
2014-08-22	BBB (Stable)	2014-06-20	BBB+	2014-06-20	F3
2014-08-06	BBB (Stable)	2014-05-21	BBB+	2014-05-21	F3
2014-07-31	BBB (Stable)	2014-05-06	BBB+	2014-05-06	F3
2014-07-23	BBB (Stable)	2014-04-09	BBB+	2014-04-09	F3
2014-06-27	BBB (Stable)	2014-04-04	BBB+	2014-04-04	F3
2014-06-20	BBB (Stable)	2014-03-28	BBB+	2014-03-28	F3
2014-05-21	BBB (Stable)	2014-03-07	BBB+	2014-03-07	F3
2014-05-06	BBB (Stable)	2014-02-26	BBB+	2014-02-26	F3
2014-04-09	BBB (Stable)	2014-01-30	BBB+	2014-01-30	F3
2014-04-04	BBB (Stable)	2014-01-22	BBB+	2014-01-22	F3
2014-03-28	BBB (Stable)	2014-01-17	BBB+	2014-01-17	F3
2014-03-07	BBB (Stable)	2013-12-27	BBB+	2013-12-27	F3
2014-02-26	BBB (Stable)	2013-11-22	BBB+	2013-11-22	F3
2014-01-30	BBB (Stable)	2013-10-30	BBB+	2013-10-30	F3
2014-01-22	BBB (Stable)	2013-10-14	BBB+	2013-10-14	F3
2014-01-17	BBB (Stable)	2013-09-30	BBB+	2013-09-30	F3
2013-12-27	BBB (Stable)	2013-08-28	BBB+	2013-08-28	F3
2013-11-22	BBB (Stable)	2013-07-29	BBB+	2013-07-29	F3
2013-10-30	BBB (Stable)	2013-07-10	BBB+	2013-07-10	F3
2013-10-14	BBB (Stable)	2013-06-27	BBB+	2013-06-27	F3
2013-09-30	BBB (Stable)	2013-05-28	BBB+	2013-05-28	F3
2013-08-28	BBB (Stable)	2013-05-14	BBB+	2013-05-14	F3
2013-07-29	BBB (Stable)	2013-03-25	BBB+	2013-03-25	F3
2013-07-10	BBB (Stable)	2013-03-08	BBB+	2013-03-08	F3
2013-06-27	BBB (Stable)	2013-02-22	BBB+	2013-02-22	F3
2013-05-28	BBB (Stable)	2013-02-08	BBB+	2013-02-08	F3
2013-05-14	BBB (Stable)	2012-11-15	BBB+	2012-11-15	F3
2013-03-25	BBB (Stable)	2012-10-26	BBB+	2012-10-26	F3
2013-03-08	BBB (Stable)	2012-09-28	BBB+	2012-09-28	F3
2012-08-17	BBB (Stable)	2012-08-17	BBB+	2012-08-17	F3
2012-07-23	BBB (Stable)	2012-07-23	BBB+	2012-07-23	F3
2012-05-21	BBB (Stable)	2012-05-21	BBB+	2012-05-21	F3
2012-04-26	BBB (Stable)	2012-04-26	BBB+	2012-04-26	F3
2012-02-24	BBB (Stable)	2012-02-24	BBB+	2012-02-24	F3
2012-01-24	BBB (Stable)	2012-01-24	BBB+	2012-01-24	F3
2011-12-20	BBB (Stable)	2011-12-20	BBB+	2011-12-20	F3
2011-11-17	BBB (Stable)	2011-11-17	BBB+	2011-11-17	F3
2011-08-03	BBB (Stable)	2011-08-03	BBB+	2011-08-03	F3
2011-03-15	BBB (Negative)	2011-03-15	BBB+	2011-03-15	F3
2011-03-03	A- (Negative)	2011-03-03	A	2011-03-03	F1
2011-02-17	A (Negative)	2011-02-17	A+	2011-02-17	F1
2007-08-24	A (Stable)	2007-08-24	A+	2007-08-24	F1
2006-08-17	A- (Positive)	2006-08-17	A	2006-08-17	F1
2003-01-10	A- (Stable)	2003-01-10	A	2003-01-10	F1
2002-12-16	BBB (Positive)	2002-12-16	BBB+	2002-12-16	F3
2001-11-27	BBB (Stable)	2001-11-27	BBB+	2001-11-27	F3	2019-11-12	B
2000-09-21	BBB- (Stable)	2000-09-21	BBB+	2000-09-21	F3	2019-02-28	B
2000-02-16	BBB-	2000-02-16	BBB+	2000-02-16	F3	2018-03-01	B

Fitch: Long term Rating

Grade	Moody's	S&P	Fitch
Prime	Aaa	AAA	AAA
High grade	Aa1	AA+	AA+
	Aa2	AA	AA
	Aa3	AA-	AA-
Upper medium grade	A1	A+	A+
	A2	A	A
	A3	A-	A-
Lower medium grade	Baa1	BBB+	BBB+
	Baa2	BBB	BBB
	Baa3	BBB-	BBB-
Non-investment grade speculative	Ba1	BB+	BB+
	Ba2	BB	BB
	Ba3	BB-	BB-
Highly speculative	B1	B+	B+
	B2	B	B
	B3	B-	B-
Substantial risks	Caa1	CCC+	CCC+
	Caa2	CCC	CCC
	Caa3	CCC-	CCC-
Extremely speculative	Ca	CC	CC
Extremely speculative			C
In default with little prospect for recovery		SD	RD
In default	C	D	D
			DD
			DDD
Not rated	WR	NR

Grade	Moodys	S&P	Fitch
High grade	P-1	A-1+	F1+
Upper medium grade	P-1	A-1	F1
Lower medium grade	P-2	A-2	F2
Non-investment grade speculative	P-3	A-3	F3
Highly speculative		B	B
Extremely speculative	NP	C	C