Wednesday 23 February 2011

FT Tilt - Contrarian take on Bahrain(Registration)

Political tightening meets quantitative fiscal easing. That's how Bahrain's economic and political outlook can be roughly described.

Rating agencies have cried foul as the monarchy tightens security -- as protests ravage the MENA region -- and uncaps the fiscal hose.

On Wednesday, Moody's said it was placing Bahrain's A3 sovereign rating on negative watch, citing fiscal deterioration and the ongoing political risks.

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