BRIEF-Moody's Ratings Changes Outlook On Bahrain To Negative From Stable Affirms B2 Ratings

BY Reuters | CORPORATE | 04:44 PM EDT

April 17 (Reuters) -

* MOODY'S RATINGS CHANGES OUTLOOK ON BAHRAIN TO NEGATIVE FROM STABLE; AFFIRMS B2 RATINGS

* MOODY'S: NEGATIVE OUTLOOK REFLECTS ASSESSMENT THAT MIDDLE EAST CONFLICT WILL AGGRAVATE PERSISTENT DETERIORATION IN BAHRAIN'S UNDERLYING CREDIT METRICS

* MOODY'S - DISRUPTION OF MARITIME SHIPPING VIA STRAIT OF HORMUZ & AIR TRAVEL AROUND GULF IS AFFECTING BAHRAIN'S HYDROCARBON & ALUMINIUM EXPORTS

* MOODY'S: EVEN IN SCENARIO WHERE IRAN CEASEFIRE WERE TO BE SUSTAINED, WILL TAKE SOME TIME FOR TRADE FLOWS THROUGH STRAIT OF HORMUZ TO RETURN TO NORMAL

* MOODY'S ON BAHRAIN: EVEN IN SCENARIO WHERE IRAN CEASEFIRE WERE TO BE SUSTAINED, WILL TAKE SOME TIME FOR AIR TRAVEL RESUMPTION TO RETURN TO NORMAL

* MOODY'S ON BAHRAIN- EXPECTED PERSISTENTLY WIDE FISCAL DEFICITS & CONTINUED RISE IN GOVERNMENT'S DEBT BURDEN FROM ALREADY ELEVATED LEVELS

* MOODY'S: BAHRAIN'S EXTERNAL ACCOUNTS WILL FACE RENEWED PRESSURE FROM DISRUPTION TO SHIPPING AND AIR TRAVEL Source text: Further company coverage: [ ]

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article