Fitch affirms BBK

Fitch Ratings said it affirmed BBK's long-term issuer default rating at A-, short-term issuer default rating at F2.

The outlook is stable.

BBK is exposed to fairly substantial market risks from its portfolio of debt securities and some equity investments, Fitch said. Negative pressure also arises from its tightened liquidity and substantially increased exposure to property lending in 2008, the agency said.

The ratings also reflect its significant domestic franchise and adequate asset quality and capitalization, Fitch said. There is a high probability that the bank would receive support from the Bahraini authorities if needed, the agency said.

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