Middle East Economic Survey

VOL. LIV

No 15

8-Apr-2011

Bahrain

Capital Intelligence Downgrades Bahrains Ratings

Capital Intelligence (CI) has downgraded Bahrains long term foreign and local currency ratings to BBB+ from A and lowered its short term foreign and local currency ratings to A2 from A1 (the outlook is negative). The move reflects the recent increase in political risk, which may have adverse consequences for economic growth and public finances in the short-term and beyond, said CI....