bahrain credit rating downgraded on political risk
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

Bahrain credit rating downgraded on political risk

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today Bahrain credit rating downgraded on political risk

Manama - AFP

Standard and Poor's said Monday it was downgrading Bahrain's credit rating by one notch and could lower it further given the high level of political risk following anti-government protests. S&P said Bahrain's sovereign ratings were cut to 'A-/A-2' and put on CreditWatch Negative, meaning they could be downgraded further in view of the political risk in the oil-rich Gulf state. "We have reassessed political risk in Bahrain and believe that the demonstrations of the past month will persist," S&P said. "The rating actions reflect our reappraisal of political risks in Bahrain," it said, adding that the protests will continue "despite the government's use of force to clear the protesters from central Manama." It noted that the protestors are mainly from the Shia community, which accounts for two-thirds of the population which is "looking for higher social transfers or subsidies and increased political participation." The government has increased spending as a result and higher oil prices should cover the higher costs, it added. However, "we expect discussions on political reforms to be more protracted than those focused on improving the social safety net," it said. On Monday, protesters carrying food and tents poured into Manama's Pearl Square, intensifying their calls for an end to the Sunni Al-Khalifa dynasty that has ruled the strategic Gulf kingdom for centuries. The mainly-Shiite protesters have called a massive demonstration for Tuesday in the hope that tens of thousands of people will converge on Pearl Square. Those already there have vowed not to leave until their demands are met. The heir to Bahrain's throne, Crown Prince Salman, has been tasked by his father, King Hamad bin Issa al-Khalifa, with launching a wide-reaching dialogue with the opposition. But emboldened by Arab uprisings which have toppled the strongmen of Tunisia and Egypt since last month, the opposition has raised the stakes, demanding a "real constitutional monarchy" and the government's resignation.

almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bahrain credit rating downgraded on political risk bahrain credit rating downgraded on political risk

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bahrain credit rating downgraded on political risk bahrain credit rating downgraded on political risk

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more

GMT 19:45 2017 Wednesday ,25 January

Israeli Navy Attacks Palestinian Fishermen Off Gaza

GMT 20:31 2017 Wednesday ,19 April

Dozens of casualties reported in Aleppo blast

GMT 13:25 2016 Thursday ,10 November

Drought-hit Zimbabwe farmers look

GMT 05:59 2015 Sunday ,06 September

Apple event expected to focus on iPhones, TV

GMT 10:49 2013 Thursday ,28 March

Egyptian broadcasters angry at government meddling

GMT 23:19 2017 Tuesday ,02 May

Interior Minister receives Atlantic Council CEO

GMT 09:13 2012 Monday ,29 October

Women may add 10 years by quitting smoking

GMT 13:30 2011 Thursday ,28 July

Man United outclass MLS All-Stars 4-0

GMT 21:18 2011 Tuesday ,09 August

Undersea volcano eruption was predicted

GMT 17:18 2015 Friday ,09 January

Cyprus Airways flights terminated after EU ruling

GMT 07:46 2013 Tuesday ,02 July

US diplomat Burns supports stability in Lebanon
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday