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."

Draghi Says Research Confirms Central Banks Not Powerless
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)
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