Sunday 14 June 2015

Debt burden to grow heavier for Bahrain if oil prices remain low, says ratings agency S&P | The National

Debt burden to grow heavier for Bahrain if oil prices remain low, says ratings agency S&P | The National:



"Bahrain will face a rising debt burden should the oil markets remain bearish, says credit ratings agency Standard & Poor’s.



S&P has reaffirmed Bahrain’s foreign and local currency sovereign credit ratings at BBB minus and A-3, respectively. But it said its outlook for the country remained negative.



Last year, about 65 per cent of Bahrain’s fiscal revenue came from crude oil receipts."



'via Blog this'

No comments:

Post a Comment