Saudi Arabia's credit rating lowered

Saudi Arabia's credit rating lowered Frankfurt, Germany (UPI) May 16, 2016 - While strong when compared with other sovereign credit ratings, Saudi Arabia's fiscal health remains under threat from low oil prices, Moody's said. Moody's Investors Service said the drop in crude oil prices, off more than 50 percent since the middle of 2014, has undermined the economy and finances for Saudi Arabia. As a result, the long-term rating for the country was lowered one notc ... more

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