General view of Bahrain World Trade Center is seen during early evening hours in Manama, Bahrain, May 2, 2020. REUTERS/Hamad I Mohammed/File Photo Acquire Licensing RightsNov 24 (Reuters) - S&P Global Ratings on Friday revised Bahrain's outlook to "stable" from "positive", citing spending pressures that could push the country's fiscal deficit wider than the credit ratings agency previously expected. "We expect the government will reinvigorate reforms to consolidate its fiscal position, largely via increasing non-oil revenue through 2026," it said in a statement. The agency now projects fiscal deficits of 3% to 4% of Bahrain's GDP over 2023-26, compared with 2% to 3% in its previous review. S&P peer Fitch affirmed Bahrain at 'B+' with stable outlook in July, while Moody's changed Bahrain's outlook to stable from negative and affirmed B2 ratings in April last year.

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Persons: Hamad I Mohammed, Fitch, Moody's, Vedant Vinayak Vichare, Devika Syamnath, Arun Koyyur Organizations: Bahrain World Trade, REUTERS, Navy's, Thomson Locations: Bahrain, Manama, Bengaluru