Moody’s downgrades Saudi Arabia on lower oil prices

Source: www.seattletimes.com --- Saturday, May 14, 2016
NEW YORK (AP) — saudiarabia’s credit rating has been downgraded by Moody’s because of the long and deep slump in oil prices. Moody’s Investors Service said Saturday that it also downgraded Gulf oil producers Bahrain and Oman. It left ratings unchanged for other Gulf states including Kuwait and Qatar. saudiarabia is the world’s […] ...