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Emerging MarketsEM Middle East

Downgraded Bahrain expected to re-tap DCM as investors stay hungry for HY

AdobeStock_Bahrain_Coronavirus_575x375_17Aug2020

Struggling Gulf state Bahrain has fallen further into junk territory, with its budget deficit expected to balloon as a result of an oil price slump and the Covid-19 pandemic. But it is not all gloom, experts said, as bond markets remain wide open for high yield issuance.

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