Rating Agency | Rating | Outlook | Last Update | Action |
---|---|---|---|---|
Standard & Poor's | B+ | - | 28 Nov 2023 | outlook downgrade |
Moody's Investors Service | B2 | - | 22 Apr 2022 | outlook upgrade |
Fitch Ratings | B+ | - | 15 Aug 2020 | rating downgrade |
DBRS | - | - |
Current Bahrain credit ratings, according to the main rating agencies, provide a snapshot of the country’s creditworthiness and financial stability. These ratings are critical for understanding how international and domestic investors perceive Bahrain ability to honor its financial commitments.
The ratings are determined by comprehensive evaluations conducted by major credit rating agencies such as Standard & Poor's (S&P), Moody's, and Fitch Ratings. Each of these agencies uses a distinct rating scale and methodology to assess the economic and financial health of Bahrain, taking into account various factors such as economic performance, fiscal policies, political stability, and debt levels.
Discover what a Credit Rating is and why it matters.
Bahrain: Long-term Rating Scales Comparison
Bahrain long-term credit ratings, as assigned by major rating agencies, offer a comparative insight into the country's creditworthiness over an extended period. Each rating agency uses its own scale to evaluate the credit risk associated with Bahrain sovereign debt. These scales help investors understand the likelihood that Bahrain will meet its financial obligations.
Symbol means a negative outlook.
Grade | Description | S&P | Moody's | Fitch | DBRS |
---|---|---|---|---|---|
Investment Grade |
Prime |
AAA
|
Aaa
|
AAA
|
AAA
|
High Medium Grade |
AA+
|
Aa1
|
AA+
|
AA(high)
|
|
AA
|
Aa2
|
AA
|
AA
|
||
AA-
|
Aa3
|
AA-
|
AA(low)
|
||
Upper Medium Grade |
A+
|
A1
|
A+
|
A(high)
|
|
A
|
A2
|
A
|
A
|
||
A-
|
A3
|
A-
|
A(low)
|
||
Lower Medium Grade |
BBB+
|
Baa1
|
BBB+
|
BBB(high)
|
|
BBB
|
Baa2
|
BBB
|
BBB
|
||
BBB-
|
Baa3
|
BBB-
|
BBB(low)
|
||
Speculative Grade |
Speculative |
BB+
|
Ba1
|
BB+
|
BB(high)
|
BB
|
Ba2
|
BB
|
BB
|
||
BB-
|
Ba3
|
BB-
|
BB(low)
|
||
Highly Speculative |
B+
|
B1
|
B+
|
B(high)
|
|
B
|
B2
|
B
|
B
|
||
B-
|
B3
|
B-
|
B(low)
|
||
Substantial Risk |
CCC+
|
Caa1
|
CCC+
|
CCC(high)
|
|
CCC
|
Caa2
|
CCC
|
CCC
|
||
CCC-
|
Caa3
|
CCC-
|
CCC(low)
|
||
Extremely Speculative |
CC
|
Ca
|
CC
|
CC
|
|
C
|
C
|
C
|
C
|
||
In Default |
RD
|
/
|
RD
|
RD
|
|
SD
|
/
|
SD
|
SD
|
||
D•NR
|
D•NR
|
D•NR
|
D•NR
|
Bahrain Credit Ratings historical data
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
Date | S&P | Moody's | Fitch | DBRS |
---|---|---|---|---|
28 Nov 2023 | B+ | |||
28 Nov 2022 | B+ | |||
22 Apr 2022 | B2 | |||
29 Nov 2021 | B+ | |||
31 May 2021 | B+ | |||
30 Apr 2021 | B2 | |||
15 Aug 2020 | B+ | |||
27 Mar 2020 | B+ | |||
30 Nov 2019 | B+ | |||
18 Dec 2018 | B2 | |||
3 Aug 2018 | B2 | |||
1 Mar 2018 | BB- | |||
1 Dec 2017 | B+ | |||
28 Jul 2017 | B1 | |||
12 Jun 2017 | BB+ | |||
2 Jun 2017 | BB- | |||
9 Dec 2016 | BB- | |||
28 Jun 2016 | BB+ | |||
14 May 2016 | Ba2 | |||
4 Mar 2016 | Ba1 | |||
17 Feb 2016 | BB | |||
4 Dec 2015 | BBB- | |||
5 Jun 2015 | BBB- | |||
16 Apr 2015 | Baa3 | |||
9 Feb 2015 | BBB- | |||
19 Dec 2014 | BBB | |||
12 Dec 2014 | BBB | |||
18 Sep 2013 | Baa2 | |||
28 Jan 2013 | BBB | |||
3 Aug 2011 | BBB | |||
26 May 2011 | Baa1 | |||
18 Mar 2011 | BBB | |||
15 Mar 2011 | BBB | |||
3 Mar 2011 | A- | |||
23 Feb 2011 | A3 | |||
21 Feb 2011 | A- | |||
17 Feb 2011 | A | |||
23 Aug 2010 | A3 | |||
6 Jan 2009 | A2 | |||
24 Aug 2007 | A | |||
25 Jul 2007 | A2 | |||
4 Oct 2006 | A3 | |||
7 Sep 2006 | Baa1 | |||
17 Aug 2006 | A- | |||
5 Apr 2006 | A | |||
11 Dec 2003 | Baa1 | |||
2 Dec 2003 | A- | |||
10 Jan 2003 | A- | |||
16 Dec 2002 | BBB | |||
15 Aug 2002 | Baa3 | |||
15 Jul 2002 | A- | |||
27 Nov 2001 | BBB | |||
16 Feb 2000 | BBB- | |||
29 Jan 1996 | Ba1 |