Rating agency Fitch has downgraded Saudi Arabia’s credit rating from A+ to A citing geopolitical risks and a downturn in the kingdom’s fiscal position. Riyadh called Fitch’s decision “somewhat speculative.” “The downgrade reflects rising geopolitical and military tensions in the Gulf region, Fitch’s revised assessment of the vulnerability of Saudi Arabia’s economic infrastructure and continued deterioration in Saudi Arabia’s fiscal and external balance sheets,” the New York-based agency said in a statement on Monday. The firm put the kingdom’s long-term foreign currency issuer default rating from A+ to A, while stating that the outlook
Hence then, the article about fitch slashes saudi arabia s credit rating over risk of further attacks was published today ( ) and is available onRussia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Fitch slashes Saudi Arabia’s credit rating over ‘risk of further attacks’ )