March 2016, Vol. 243, No. 3

Web Exclusive

Weak Oil Prices Prompt Fitch to Cut Saudi Arabia's Rating

LONDON (AP) — Saudi Arabia suffered another credit ratings downgrade on Tuesday after Fitch lowered its view on the oil-rich kingdom in light of the fall in energy prices. In a note, Fitch said it was reducing its rating on Saudi Arabia by one notch to AA- from AA and warned that another downgrade was more likely than an upward revision by keeping its outlook on the country at “negative.” Fitch’s move follows a downgrade earlier this year from rival Standard & Poor’s. Fitch said the downgrade is largely due to its decision to cut its average oil price assumptions for this year and next to $35 a barrel and $45 a barrel. The benchmark New York crude oil rate is cu

Log in to view this article.

Not Yet A Subscriber? Here are Your Options.

1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Pipeline & Gas Journal magazine.

2) SUBSCRIBE to Pipeline & Gas Journal magazine in print or digital format and gain ACCESS to the current issue as well as to 3 articles from the PGJ archives per month. $199 for an annual subscription*.

3) Start a FULL ACCESS PLAN SUBSCRIPTION and regain ACCESS to this article, the current issue, all past issues in the PGJ Archive, access to all special reports, special focus supplements and more. $1,395 for an annual subscription.  For information about group rates or multi-year terms, contact J'Nette Davis-Nichols at or +1 713.520.4426*.



*Access will be granted the next business day.

Related Articles


{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}