OREANDA-NEWS. Fitch Ratings has downgraded Bahrain's Long-Term Foreign Currency Issuer Default Rating (IDR) to 'BB+' from 'BBB-' and Long-Term local currency IDR to 'BB+' from 'BBB'. The Outlooks are Stable.

The issue ratings on Bahrain's senior unsecured Foreign and Local Currency bonds have also been downgraded to 'BB+' from 'BBB-' and 'BBB', respectively. The Country Ceiling has been affirmed at 'BBB+' and the Short-Term Foreign Currency IDR has been downgraded to 'B' from 'F3'.