Moody's cuts Saudi Arabia's outlook to negative from stable - Reuters:
Moody's Investors Service on Friday cut Saudi Arabia's outlook to "negative" from "stable", saying the oil price crash has raised fiscal risks for the Gulf nation. (bit.ly/3aRYDMd)
However, the ratings agency affirmed sovereign credit rating at “A1”, citing Saudi Arabia government’s “still relatively robust, albeit deteriorating” balance sheet, moderate debt level and substantial fiscal and external liquidity buffers.
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