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FINANCIAL NEWS
Bahrain’s outlook still negative: S&P
27 Jan 2012
(MENAFN) Standard & Poor’s said that Bahrain’s outlook is still negative, with a possibility to lower its ratings in case political tensions grew and economic growth slowed or weakened, reported Arabian Business.
The rating agency added that there was a notable growth in the hydrocarbon sector and government spending, even though other sectors were not affected materially from the political unrest that swept the country in 2011.
It also said that in the short-term, gross domestic product (GDP) per capita growth would be expected to stay stagnant.
It is worth noting that S&P also affirmed Bahrain’s long- and short-term sovereign credit ratings at ‘BBB/A-3’, and the country’s central bank’s ratings of ‘BBB/A-3’.
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