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June 28 (Reuters) - Ratings agency Fitch said on Tuesday it had downgraded Bahrain's credit rating by one notch to "BB+", citing low oil prices that have weakened the Gulf nation's financial position.
Bahrain's general government budget deficit is expected to widen, while general government debt is likely to rise in 2016, Fitch said. (
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The outlook remains stable.
(Reporting by Ismail Shakil in Bengaluru; Editing by Ted Kerr) ((ismail.shakil@thomsonreuters.com; Within U.S. +1 646 223 8780, outside U.S. +91 80 6749 3538; Reuters Messaging: ismail.shakil.thomsonreuters.com@reuters.net))
Bahrain's general government budget deficit is expected to widen, while general government debt is likely to rise in 2016, Fitch said. (
The outlook remains stable.
(Reporting by Ismail Shakil in Bengaluru; Editing by Ted Kerr) ((ismail.shakil@thomsonreuters.com; Within U.S. +1 646 223 8780, outside U.S. +91 80 6749 3538; Reuters Messaging: ismail.shakil.thomsonreuters.com@reuters.net))
