Middle East Economic Survey
VOL. LIII
No 35
30-Aug-2010
BAHRAIN
Moodys Downgrades Bahrain Sovereign Ratings
Moodys Investor Service has downgraded Bahrains local and foreign currency government bond ratings from A2 to A3, it announced on 23 August, with the outlook changed to stable. The ratings agency cited a gradual but significant rise in the kingdoms budgeted break-even oil price over recent years. Moodys estimated that the oil price necessary to balance the kingdoms budget has risen from...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!