LONDON (AP) — A leading credit rating agency has warned that Bahrain may have its debt rating downgraded as the oil–rich Gulf kingdom reels from growing political unrest that has reportedly claimed four lives.
Fitch Ratings said Thursday its decision to put Bahrain’s A rating on so–called “rating watch negative” reflects the intensification of unrest and the fact that it looks increasingly likely that the protests will be extended.
Popular uprisings in Tunisia and Egypt this year have already toppled two governments.
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