Bahrain and Oman's credit ratings risk further cuts says Standard & Poor's as the agency expresses doubt that cash pledges from Gulf neighbours will be enough to end political turmoil.
"Protests and political instability are in our view likely to negatively affect economic performance and depress future growth prospects," especially for Bahrain in its role as a financial hub, S&P said in a statement from London today.
"There remain questions as to whether or not GCC economic aid will be able to offset these political and reputational risks."
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