-- In our view, the dynamics of Bahrain's internal political conflict remain unchanged, with entrenched polarization indicating prolonged tensions.
-- Although most sectors have not suffered materially from the unrest, we see growth coming only from the hydrocarbon sector and government spending, and we expect GDP per capita growth will remain stagnant for now.
-- We are therefore affirming our long- and short-term sovereign credit ratings on the Kingdom of Bahrain at 'BBB/A-3'.
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