S&P lowers Batelco's credit rating; Outlook “Stable”

Mubasher: Standard & Poor’s (S&P) has revised the credit rating of Bahrain Telecommunications Company's (Batelco), downgrading its long-term ratings to “B+” from “BB-”.

This downgrade of Batelco’s rating followed the sovereign downgrade, according to a bourse statement disclosed on Thursday.

S&P has placed a “Stable” Outlook for Batelco.

“We believe the government can influence the company’s financial policy and strategy, as well as industry regulation or taxation,” S&P added in its recent report.

Mubasher Contribution Time: 07-Dec-2017 14:07 (GMT)
Mubasher Last Update Time: 07-Dec-2017 14:10 (GMT)

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