Saudi Pressure Points Shown in Four Charts After S&P Rating Cut - Bloomberg Business:
"The pressure is building in Saudi Arabian markets.
Interbank lending rates are creeping up, bonds are sliding and the cost of insuring against a debt default is rising as the Arab world’s biggest economy adjusts to a collapse in the price of oil, which generates at least 80 percent of government revenue. Standard & Poor’s lowered the country’s credit rating last week, citing a budget deficit that it forecasts will increase to 16 percent of gross domestic product this year."
'via Blog this'
No comments:
Post a Comment