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S&P downgrades Middle East nations on oil concerns

Feb. 18, 2016 2:24 AM ETGULF, MES, KSABy: Yoel Minkoff, SA News Editor1 Comment
  • Standard & Poor's has downgraded the credit ratings of several Middle East nations, in its second mass cut of large oil producers in almost exactly a year.
  • Citing pressures from the drop in crude prices, the ratings agency lowered Saudi Arabia by two notches to A- stable, and stripped Bahrain of its investment grade status.
  • S&P also cut the ratings of Bahrain and Oman to reflect lower oil price assumptions.
  • ETFs: GULF, MES, KSA

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