Wednesday 8 November 2017

Fitch: Saudi Arrests Increase Political Uncertainty

Fitch: Saudi Arrests Increase Political Uncertainty:

"The arrests of members of the Saudi royal family, current and former ministers and prominent businessmen increase political uncertainty in Saudi Arabia (A+/Stable), Fitch Ratings says. We believe that concentrating power in the hands of Crown Prince Mohammed bin Salman should bolster economic and social reform efforts, but heightens key man risk, and a backlash is possible. It is likely to take some time for the implications for the domestic political and policy environment to become clear. The detention of senior members of the Saudi elite following the creation of an anti-corruption commission under Mohammed bin Salman seems likely to immediately strengthen his position. "



'via Blog this'

No comments:

Post a Comment