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Fitch downgrades Saudi credit ratings over military tentions

Fitch Ratings on Monday downgraded Saudi Arabia's credit rating by one notch. The agency said in a statement i
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By AFP
  • Fitch Ratings on Monday downgraded Saudi Arabia's credit rating by one notch.
  • The agency said in a statement it had lowered Saudi Arabia's long-term foreign currency issuer rating from A+ to A.

 

DUBAI: Fitch Ratings on Monday downgraded Saudi Arabia's credit rating by one notch, citing "rising geopolitical and military tensions in the Gulf region" after unprecedented attacks on Saudi oil facilities.

The agency said in a statement it had lowered Saudi Arabia's long-term foreign currency issuer rating from A+ to A, with a stable outlook.

 

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