Fitch affirms National Bank of Bahrain

Fitch Ratings said it affirmed National Bank of Bahrain's long-term foreign-currency issuer default rating at A, along with its short-term foreign-currency issuer default rating at F1.

The outlook is stable.

The ratings reflect the agency's belief that there would be a high probability of support from the Bahraini authorities if needed, Fitch said. This is because of the bank's leading status in the domestic market, the government of Bahrain's 49% direct ownership and the authorities' ability and strong propensity to maintain confidence in a relatively small banking system, the agency said.

The ratings also consider the bank's reliance on a small and competitive domestic market, Fitch added.

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