credit rating | Egypt Oil & Gas
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. The rate for indust...
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, reported Reuters. The argum...
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, reported Trade Arabia. The Labour Ministry made the announcement on Twitter late on Thursday...
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, reported AllAfrica. This wa...
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, with a stable outlook, rising from Caa1, it announced on Tuesday. In a press release, Moo...
Saudi S&P Credit Rating Turns Negative
Saudi Arabia, the world’s largest oil exporter, had the outlook on its credit grade cut to negative by Standard & Poor’s while other struggling energy-producing nations had their ratings lowered. The Saudi kingdom...Page 1 of 1
