Fitch Degraded Saudi Arabia From AA to AA-

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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Standard & Poor cuts Brazil's loan rating, citing political turmoil

Standard & Poor has trimmed Brazil's loan rating into "junk territory' following the nation's failure to reduce its fiscal risks and the political hurdles facing the economy of Brazil. The government is hopeful to reform its fiscal strategy amid political challenges and economic slowdown.

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Fitch affirms Bahrain's ratings

Fitch affirmed Bahrain's credit ratings.

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Fitch gives 'BBB-(EXP)' rating to Indonesia's bonds

Fitch gave a 'BBB-(EXP)' rating to Indonesia's USD-denominated global bonds.

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Nokia's Credit Rating Further Downgraded, Buying Siemens Shares Discouraged

Nokia's Standard & Poor's rating plummeted further in the junk territory.

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Fitch: U.S. Nonbank Financial Retail Bond Volumes To Increase

Some nonbank financial companies have begun to rely more heavily on long-dated, unsecured retail notes as a critical source of funding, and issuance volumes are likely to rise again in 2013

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