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Mumtalakat, the investment arm of Bahrain, has secured 'A' ratings from two of the world's leading credit rating agencies - Fitch Ratings and Standard & Poor's (S&P).
Fitch Ratings has assigned Mumtalakat a long-term foreign currency issuer default rating (IDR) of 'A' with a stable outlook. It has also assigned Mumtalakat senior unsecured ratings of 'A' and a short-term IDR of 'F1'.
S&P has assigned long term ratings of 'A' and short term ratings of 'A-1' to Mumtalakat with a stable outlook.
Talal Al Zain, CEO of Mumtalakat said: "The ratings reflect the strength of Bahrain's sound financial regulatory environment."
