GFH Financial Group - Ratings Affirmed; Outlook Revised to Stable

Overview

Capital Intelligence Ratings (CI Ratings or CI), today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of GFH Financial Group (GFH) at 'BB-' and 'B', respectively. The Outlook on the LT FCR has been revised to Stable from Negative, reflecting GFH's increased exposure to higher grade assets outside of Bahrain ('BB-'/'B'/Negative), and our expectation that this will rise further in the short term as diversification of assets continues.

Attachments

• Rating Announcement (CRA)
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