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Bahrain's currency peg likely to remain intact, but kingdom's banks face tough times ahead
After recent downgrades of the Bahrain government’s long-term issuer ratings, doubts have been expressed that a forthcoming aid package from the kingdom’s GCC neighbours will be enough to steady the ship. Ratings agency Moody’s announced earlier this month that it had downgraded four Bahraini banks, following a downgrading of the…
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