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Bahrain likely to continue reforms says S&P Global

Bahrain Business
Sun, 29 Mar 2020
By Avinash Saxena


MANAMA: S&P Global Ratings has revised its outlook on Bahrain to stable from positive on expectation of extraordinary support from other GCC sovereigns, which it stated, was likely to enable the kingdom to continue implementing fiscal reforms. Despite efforts to increase non-energy receipts, Bahrain’s revenue remains dependent on oil, and hence sensitive to energy price shocks, including this year, the ratings agency stated in its report.