Batelco has confirmed the news spread about Fitch Ratings downgrading the company’s outlook to ‘Negative’ from ‘Stable’, according to a bourse statement.
The statement said that Fitch affirmed Batelco’s long-term Issuer Default Rating (IDR) at ‘BBB-’.
Batelco added that the rating agency has also affirmed the unsecured rating of Batelco International Finance No. 1 Limited at ‘BBB-’.
