Standard and Poor's lowered its long- and short-term sovereign credit ratings for Bahrain over concerns that the political unrest and demonstrations of the past week will persist.
The rating agency set Bahrain's ratings to A-/A-2 from A/A-1 and placed them on CreditWatch with negative implications. (For full text of statement see [ID:nWLB4757])
Bahrain demonstrators thronged back on Monday into a central square that was the scene of deadly violence last week after a night-time raid by riot police killed four people. Seven people have died and about 230 injured since the protests began a week ago.
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