Bahrain's financial problems from political unrest are being made worse by investment links to embattled Libya, a widely known issue in the financial industry that came to the fore as Moody's downgraded Arab Banking Corp., the kingdom's banking giant.
Earlier this year Bahrain suffered downgrades of its sovereign debt ratings by in response to the government's violent crackdown on political activists.
The ABC downgrades could be more far-reaching, however, because of very large Libyan stake in the bank, analysts said.
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