GCC sovereign ratings diverge as economic impact of oil price varies | GulfNews.com:
"The credit ratings of all GCC countries have come under pressure following the sharp decline oil prices over the past two years, which resulted in a squeeze on government finances.
However, analysts say there is a clear divergence in terms of ratings and the outlook among countries depending on their perceived resilience to the oil shock.
Saudi Arabia, the largest economy in the GCC, has been downgraded along with Oman and Bahrain by leading credit rating agencies such as Moody’s, Standard & Poor’s and Fitch since the beginning of this year."
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