Moody's cuts Saudi Arabia's credit outlook to negative, cites oil-price shock driven by coronavirus
Published
**
· *Moody's downgraded Saudi Arabia's sovereign outlook to negative from stable on Friday, citing increased downside risks to the kingdom's fiscal strength from the oil rout. *
· *"The government's balance sheet has weakened since the previous oil price shock in 2015-16, notwithstanding some recent improvements in budget...