The moves by S&P Global consisted mainly of one-notch downgrades, but it was the sheer number of cuts that caught the eye.
“We have lowered the ratings or assigned a negative outlook on some sovereigns because of their heightened risk to manage the fiscal and external shock resulting from lower prices in addition to the blow to economic growth as a result of the pandemic,” S&P said in a summary of its moves.
Let me know when they start losing their sh***!
Saudi Arabia looks after madina
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