S&P raises Bahrain's outlook to positive

New York: S&P Global Ratings has raised its outlook on Bahrain to positive from stable and affirmed the country's 'B+/B' ratings.

The ratings agency said "Bahrain's relatively diverse economy benefits from proximity to the large Saudi Arabian market, strong regulatory oversight of the financial sector, a relatively well-educated work force, and low-cost environment."

Bahrain's economy is also benefiting from an increase in regional activity, S&P added, Market Watch reports.

Source: https://www.gdnonline.com/Details/1148551