وكالة Moody's تثبت تصنيف البحرين عند B2 مع نظرة مستقبلية مستقرة

Watch وكالة Moody's تثبت تصنيف البحرين عند B2 مع نظرة مستقبلية مستقرة - CNBCArabia on Dailymotion

Transcript

00:00 It seems that the trust rating agencies this time are confirming their rating for Bahrain,

00:09 but they are also giving it a stable future view.

00:13 We will discuss the details related to the Moodle rating for Bahrain and giving it a B2 rating.

00:19 This is a high risk for this rating, and therefore it is due to a main reason,

00:25 which is the reflection of this future view of the debt burden of the Bahraini economy

00:33 and also the ability to measure the extent of the Kingdom's tolerance for these debts and the repayment of these high interests.

00:40 There is a future view, as we have said, that it may be stable for the economy.

00:45 Moving on to the other details that shed light on the Moodle agency,

00:49 there is a rise in the government debt burden of the Kingdom of Bahrain to a measurable level.

00:54 Thus, in 2023, it was 131% of the total debt,

01:01 and it is expected, according to this agency, to rise to 130% by 2025.

01:09 This is due to the recent rise in interest rates

01:15 in the strategy that the Bahraini Central Bank has adopted in relation to the US federalist movements

01:22 as a result of the dollar currency.

01:24 We also noticed a rise in interest payments in Bahrain,

01:29 with the absence of government plans.

01:31 Thus, in 2023, it was 26% of the government deposits,

01:38 and it is expected to rise to 29% of the government deposits,

01:43 if we are talking about interest payments.

01:46 The interest rates in Bahrain are now more than 6%.

01:50 These are considered high levels.

01:52 Returning to some other sectors that will be compensated away from oil,

01:58 we are talking about non-oil exports, which may also support the ongoing account of Bahrain.

02:03 In 2015-2020, we noticed a 4.8% deficit in the budget,

02:11 but the budget for 2023 recorded a deficit of 8.8% of the total local income,

02:24 which is a sign of the increase in the production of aluminum.

02:28 Moving on to the last sector that we will highlight,

02:31 which is the rise in foreign currency reserves.

02:34 In February 2024, it reached 4.1 billion dollars,

02:41 and this rise is a result of the rise in non-oil exports.

02:46 It seems that Moody's view of the Bahraini economy

02:51 is expected to increase the debt in the Kingdom,

02:54 and give a stable future view.