Saudi Arabia, Gulf Neighbors Suffer Ratings Downgrades on Oil Slump 15-05-16 09:39 PM Oman’s credit rating was reduced by a notch to Baa1, while Bahrain was cut to Ba2. The collapse in energy prices from their peaks in the middle of 2014 has hit hard the Gulf economies that rely heavily on the sale of oil to fund large-scale ... Source... |
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