Bahrain, Oman Ratings Removed From CreditWatch Negative by S&P - Bloomberg

Bahrain and Oman were removed from CreditWatch negative by Standard & Poor’s Ratings Services, which cited measures to ease political tensions in both Persian Gulf nations.

Bahrain’s long- and short-term local and foreign currency sovereign credit ratings were affirmed at ‘BBB/A-3’ with negative implications, S&P said in an e-mailed statement today. Oman’s ‘A/A-1’ long-term and short-term local and foreign currency ratings were affirmed, S&P said in a separate statement.

S&P cited “the diminished near-term political tensions and our expectation that increased public spending will lift economic growth next year,” in its statement on Bahrain. Oman benefits from “political pressures easing,” S&P said.

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