Oman, Bahrain seen vulnerable to downgrades if the coronavirus outbreak drags on: S&P Global

Oman, Bahrain may be vulnerable to a rating downgrade if the coronavirus outbreak lasts longer than expected: S&P Global Ratings

alone, OPEC revised its demand forecast down by 0.2 million barrels a day for the first half of 2020.After the Lunar New Year holiday in late January, many businesses in China extended their closures in a bid to control the virus situation.

"If you exclude the investment proceeds from the sovereign wealth funds, every single Gulf economy is running pretty substantial underlying fiscal deficits," he added. "You have pretty high breakeven oil prices," he said, singling out Oman and Bahrain. "They do stand out."

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