credit rating | Egypt Oil & Gas

Moody’s Affirms Egypt’s B3 Rating

Moody’s Investor service affirmed Egypt’s long term and senior unsecured bond rating at a stable B3 in which credit risks face deep structural concerns such as weak government reserves, weak external payment position ...

Saudi to Raise Water Prices amidst Credit Downgradings

Saudi Arabia will raise the price of water for non-residential consumers, a move widely perceived as a sign the government is cutting back an expensive system of subsidies thanks to low oil prices.

Saudi Bonds and Spending Move in Opposite Directions

Standard and Poor, which previously downgraded Saudi Arabia's sovereign debt, has said that this in turn may contribute to a gradual repricing of the Gulf's international bonds.

Saudi Plans Delayed as Credit Rating Drops with Oil Prices

Saudi Arabia's cabinet has deferred for further study a decision on limiting the private sector work week to 40 hours

Angolan Oil Sector Faces Tough Choices in Low Price Environment

Angola's Oil minister, Botelho de Vasconcelos, urged that his country's petroleum sector show a greater commitment with a view to meeting the new challenges of the oil industry

Egypt’s Bond Rating Upgraded to B3

For the first time since 2012 credit ratings provider Moody's upgraded the Egyptian government's bond rating to B3.

Saudi S&P Credit Rating Turns Negative

The Saudi kingdom could lose its AA- credit ranking, the fourth-highest debt grade, in two years if its “liquid assets” decline or its fiscal position weaken, S&P said in a statement Monday.

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