Bahrain Credit Risk Rises as Protests Irk Investors: Arab Credit
This article is for subscribers only.
Bahrain’s credit risk is rebounding from a four-month low after anti-government rallies stoked foreign investor concern the Persian Gulf state won’t overcome last year’s protests.
The cost to insure Bahrain’s debt against non-payment for five years climbed four basis points, or 0.04 percentage points, in two days to 369.1 on March 12. They had fallen to 365.6 on March 8. A day later, demonstrators belonging mainly to the nation’s Shiite Muslim majority held one of its largest rallies on a major highway outside the capital Manama. The credit default swaps closed at 365.8 yesterday, according to data provider CMA. That’s still double what it was before the Arab uprisings started early last year.