Saudi Arabia and Bahrain See Low Oil Price Prompt Ratings Cut

  • Saudi Arabia’s rating downgraded to A1 from Aa3: Moody’s
  • Outlook seen negative for Bahrain, U.A.E., Kuwait, Qatar

Moody's Cuts Saudi Arabia, Bahrain Ratings

Middle Eastern oil producers including Saudi Arabia and Oman had their ratings lowered by Moody’s Investors Service because of a collapse in oil prices, according to a statement from the credit-ratings company on Saturday.

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