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KM Financial Solutions | UPDATE 2-Bahrain reaffirms dollar peg, says economy robust after S&P cut
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UPDATE 2-Bahrain reaffirms dollar peg, says economy robust after S&P cut

01 Dec UPDATE 2-Bahrain reaffirms dollar peg, says economy robust after S&P cut

Posted at 09:32h in News by
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Dec 2 (Reuters) – S&P Global Ratings lowered Bahrain’s
long-term foreign and local currency sovereign credit ratings to
‘B+’ from ‘BB-‘ on Friday, prompting Bahrain’s central bank to
reaffirm the country’s currency peg to the U.S. dollar.

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