The Arab Company for Funding and Export Credit score Assure has recognized the steadiness of the sovereign ranking of Bahrain by the top of March 2022 at B stage to numerous levels by the 5 most vital sovereign ranking companies on the earth, particularly Customary & Poor’s, Fitch, Moody’s, Capital. Intelligence and IHS.
The Fund additionally clarified in its report revealed on its @DHAMANnet Twitter account, which relies on nation threat assessments in relation to debt repayments to the state by specialised worldwide companies and firms, that Bahrain is among the many nations with reasonable/medium dangers in compensation of arrears, in keeping with PRS and Fitch assessments, in addition to Coface’s enterprise local weather evaluation.
Credit score Insurance coverage Group Credendo additionally ranked Bahrain amongst nations with low dangers of expropriation of property and authorities actions in direct funding within the nation, in addition to within the fourth stage for every of the short-term political dangers in export transactions to the nation and within the dangers of political violence in direct funding.
The Bulletin confirmed that Bahrain is within the class of nations with which worldwide exporters favor to take care of an irrevocable letter of credit score (ILC) in business transactions with a most mortgage time period of three years.