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Fitch Downgrades Bahrain to 'B'; Outlook Stable

Fitch Ratings has downgraded Bahrain's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to 'B' from B+'. The Outlook is Stable. The downgrade reflects Fitch's expectation that very high government debt/GDP will continue to rise, despite the implementation of a fiscal consolidation package. [....]