Moody's Cuts Saudi and 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. The long-term issuer rating on Saudi Arabia, the world’s biggest oil exporter, was cut to A1 from Aa3 as lower oil prices may lead to a "material deterioration" in the nation’s credit profile. Aviva Investors Head of Rates Charles Diebel discusses with Bloomberg's Anna Edwards in London and Manus Cranny in Dubai on "Countdown."
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41:09 - ECB President Mario Draghi discusses the success of forward guidance and other non-standard monetary policies in a speech in Lindau, Germany. (Source: Bloomberg)