Credit ratings agency Moody's changed Bahrain's outlook to "negative" from "stable" on ​Friday, citing the ⁠impact of Middle East conflict ‌on the Gulf state's already weak fiscal and debt metrics. The ​negative outlook reflects risks from disruption to shipping through ​the Strait ​of Hormuz and air travel around the Gulf, which is weighing on Bahrain's ⁠oil and aluminium exports and tourism sector, Moody's said, adding that these pressures would further erode government finances and strain the country's thin foreign-exchange ​buffers. [...]