Moody’s Investors Service said it placed Bahrain’s credit ratings on review for a possible downgrade as it assesses the impact of anti-government protests in the Persian Gulf country.
The review of the A3 government bond rating, the fourth- lowest investment grade, will be concluded within three months, Moody’s said today in an e-mailed statement. Moody’s downgraded the government’s bond ratings one level, to A3, on Aug. 23.
“The review will focus on the degree to which political risk has structurally increased and how significantly the credit fundamentals of Bahrain are threatened relative to rating peers,” Moody’s said.
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