15.6 C
New York
Tuesday, May 24, 2022

Standard and Poor’s cuts Saudi Arabia rating by two notches to A-

Standard (Other OTC: SNDH – news) and Poor’s cut Saudi Arabia’s credit rating by two notches on Wednesday, saying low oil prices would have a considerable impact on the country’s finances and economy.

“In our view, the decline in oil prices will have a marked and lasting impact on Saudi Arabia’s fiscal and economic indicators given its high dependence on oil,” said the ratings agency in a statement.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

11,301FansLike
12,893FollowersFollow
751FollowersFollow
- Advertisement -

Latest Articles

Popular Articles