Bahrain $1.5 Billion Bond Joins Pemex as Emerging Costs Fall

Bahrain $1.5 Billion Bond Joins Pemex as Emerging Costs Fall

Phil Weymouth/Bloomberg

An oil pump operates in the Awali oil field in Bahrain. The kingdom of Bahrain is rated Baa1 at Moody’s, the third-lowest investment grade, and BBB at Standard & Poor’s, the second-lowest.