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Moody’s Cuts Outlook On 4 Gulf Countries, Bahrain Down To Junk Rating
Moody’s Investors Service cut its projections for the debt ratings of four Gulf countries including Saudi Arabia, citing concerns over the impact of extended low oil prices on their finances. The ratings agency also downgraded Bahrain’s bond rating to junk status Friday. Moody’s placed more than 10 oil producing nations…
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Click here to read the full story: International Business Times