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Fitch downgrades Saudi credit rating

2019-09-30T13:32:32.455Z

New York - SANA - Fitch International today announced a downgrade of the Saudi system's credit rating by one point



New York-Sana

Fitch International today announced the downgrade of the Saudi system by one point.

The agency said in a statement quoted by AFP that it had downgraded Saudi Arabia's rating from "any plus to any."

The agency said it had reviewed its assessment of the continued deterioration of the public and external financial situation of Saudi Arabia in addition to the possibility of military attacks.

The Yemeni Armed Forces announced in a statement recently that it carried out a massive offensive operation with 10 drones targeting two oil facilities belonging to Saudi Aramco in eastern Saudi Arabia in response to the crimes of the Saudi aggression coalition, which led to the disruption of 50 percent of the company's production.

It is noteworthy that the Saudi regime has suffered in recent years from a fiscal deficit estimated in 2017 at $ 61 billion and in 2018 at $ 52 billion at a time when this system continues its brutal aggression on Yemen.

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Source: sena

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