26 May '11, 4pm

UPDATE 2-Moody's cuts Bahrain rating, sees continued tension: * Moody's downgrades Bahrain to Baa1 from A3 * Pol...

* Moody's downgrades Bahrain to Baa1 from A3 * Political outlook, weak banking sector behind move (Adds analyst comments) DUBAI, May 26 (Reuters) - Moody's downgraded Bahrain's credit rating by one notch to Baa1 on Thursday and assigned a negative outlook, citing lingering political tension after the Gulf state crushed a Shi'ite uprising earlier this year. "Political tensions in the country remain high and there seems little prospect of the underlying causes of the unrest being peaceably resolved, at least over the short term. The political outlook is therefore highly uncertain," Moody's said. The unrest was likely to curtail economic growth this year, said Moody's, which also cited tighter margins in the small island kingdom's oil industry as a factor behind its downgrade. Bahrain was thrown into turmoil in February when citizens, mostly majority Shi'ites, staged street p...

Full article: http://sg.news.yahoo.com/1-moodys-cuts-bahrain-rating-due...

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Bahrain Grand Prix back on 2011 calendar

Bahrain Grand Prix back on 2011 calendar

straitstimes.com 03 Jun '11, 2pm

The Bahrain Grand Prix, postponed from its original date earlier this season due to political turmoil and civil unrest in ...