Saudi Arabia just got a negative rating from Fitch, from AA to AA-. The downgrade is due to the oil-rich kingdom's decision to slash its average oil price assumptions from $35 to $45 a barrel for 2016 and 2017.
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Breaking News
Fitch is allowing itself until the first quarter of 2014 to determine if US credit rating needs to be downgraded.
A Reuters analysis report revealed that Brazil could fail its primary surplus target for 2014 which could downgrade its credit rating.
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