Russia Leads List of Oil States at Risk of Moody's Downgrade

  • Five of six Gulf Cooperation Council nations in review for cut
  • Moody's decision follows recent Standard & Poor's downgrades

Oil pumping jacks in the village of Dyurtyuli, Russia.

Photographer: Andrey Rudakov/Bloomberg

The credit ratings of more than 10 oil-producing nations in the developing world were placed on review for a downgrade by Moody’s Investors Service, which cited the shock of depressed oil prices on these economies.

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