Theseus Posted May 15, 2016 Report Share Posted May 15, 2016 I feel this important news topic Ratings agency also downgrades Gulf oil producers Bahrain and Oman, but leaves Kuwait and Qatar unchanged : Saudi Arabia’s credit rating has been downgraded by Moody’s because of the long and deep slump in oil prices. “A combination of lower growth, higher debt levels and smaller domestic and external buffers leave the Kingdom less well positioned to weather future shocks,” Moody’s said in a note. Moody’s lowered Oman to Baa1 from A3 and Bahrain to Ba2 from Ba1. The ratings agency did not downgrade Kuwait, Qatar, the United Arab Emirates or Abu Dhabi, but it assigned a negative outlook to each. While understand no links and not posting entire article due to copyright, this can be found on The Guardian with a search of the title. 4 Quote Link to comment Share on other sites More sharing options...
sandfly Posted May 16, 2016 Report Share Posted May 16, 2016 Thanks Quote Link to comment Share on other sites More sharing options...
Big_J Posted May 16, 2016 Report Share Posted May 16, 2016 Thanks Theseus. That seemed more like a spanking! Quote Link to comment Share on other sites More sharing options...
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