Fitch: Bahrain's rating was affected by high levels of public debt, large fiscal deficit and low levels of foreign exchange reserves

February 23 (Reuters) - Fitch:

  • Bahrain's rating was downgraded to "B" with a stable outlook.

  • The downgrade of Bahrain's sovereign rating reflects expectations of a continued sharp rise in government debt as a percentage of GDP, despite the implementation of a fiscal consolidation package.

  • Bahrain's rating was affected by high levels of public debt, large fiscal deficits, and low levels of foreign exchange reserves.


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