Unresolved tensions to slow Bahrain growth, says S&P - Politics & Economics - ArabianBusiness.com:
"Unresolved domestic political tensions in Bahrain will cause annual GDP growth per capita to stagnate over the next four years, according to Standard & Poor's Ratings Services.
The rating agency said in a new report, which affirmed the Gulf kingdom's long- and short-term foreign and local currency sovereign credit ratings at 'BBB/A-2' with a stable outlook, that fiscal dependency on sustained high oil prices were also constraining ratings.
At the same time, S&P affirmed the 'BBB/A-2' ratings on the Central Bank of Bahrain.
"The ratings are constrained by our view of Bahrain's unresolved domestic political tensions and its fiscal dependency on sustained high oil prices and international donor support," the S&P report said."
'via Blog this'
No comments:
Post a Comment