Middle East Economic Survey
Moodys Downgrades Bahrain Bond Rating To Baa1
Moodys Investors Service downgraded Bahrains government bond rating by one notch to Baa1 from A3 on 26 May, and assigned a negative outlook to the rating. The rating action concludes the review for possible downgrade that Moodys initiated on 23 February. The main driver underlying Moodys decision to downgrade is the significant deterioration in Bahrains political environment since...