Fitch says killing of Khashoggi unlikely to affect Saudi rating | Reuters

Fitch says killing of Khashoggi unlikely to affect Saudi rating | Reuters:

Rating agency Fitch said the killing of Saudi journalist Jamal Khashoggi at the Saudi Arabian consulate in Istanbul is unlikely to affect its assessment of the kingdom’s credit risk.

Khashoggi, a royal insider turned critic of Saudi policy, was killed in the Saudi consulate in Istanbul on Oct. 2. He was a U.S. resident and columnist for The Washington Post and his death has provoked a political crisis in Saudi Arabia as well as a deterioration of its relations with Western allies.

Yields on Saudi bonds have risen since early October and the cost of insuring Saudi debt against default has increased by around 30 basis points.