
DUBAI (AFP) - International ratings agency Moody's on Monday downgraded Bahrain's local and foreign currency government bond ratings to A3 from A2 due to budgetary pressure, but kept a stable outlook.
The ratings action was based on a "gradual but significant rise in the breakeven oil price in the Bahraini budget over recent years," Moody's Investors Service said in a statement.
The oi [...]





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