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Fitch Turns Negative on Bahrain Because of Rising Debt Load - BLOOMBERG
- Rating company sees debt-GDP ratio rising to 136% next year
- Fitch says Bahrain can probably get more GCC funding if needed
Fitch Ratings cut Bahrain’s outlook to negative from stable as the Gulf country grapples with rising debts and wide budget deficits.
Bahrain’s credit rating remains at B+, four steps below investment grade, Fitch said on Monday.