Fitch Rates Bahrain's New Sukuk Programme 'BB-'

Fitch Ratings has assigned Bahrain's new sovereign global trust certificate (sukuk) issuance programme, established through CBB International Sukuk Programme Company S.P.C. (CBB International), a 'BB-' rating. The rating is in line with Bahrain's Long-Term Foreign-Currency (FC) Issuer Default Rating (IDR), which we affirmed at 'BB-' with a Stable Outlook in…