Rating downgrades to aggravate liquidity squeeze, cost of funds
 

22-05-16 06:01 AM

Last week, ratings agency Moody’s downgraded ratings of Saudi Arabia (to A3), Oman (to Baa1) and Bahrain (to Ba2). In early February S&P had downgraded short-term foreign- and local-currency sovereign credit ratings on Saudi Arabia to “A-/A-2” from ...

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