Tuesday 28 June 2016
 
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S&P

Wall Street hits 10-month lows over Brexit

The S&P 500 turned negative for the year-to-date on Friday as Wall Street suffered its largest selloff in 10 months after Britain's decision to leave the European Union caught traders wrong-footed. In the busiest trading v

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S&P cuts large oil producers’ credit ratings

Rating agency Standard & Poor's downgraded Saudi Arabia, Brazil Kazakhstan, Bahrain and Oman's credit ratings on Wednesday, in its second mass cut of large oil producers in almost exactly a year. S&P cited the pres

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S&P may cut oil countries' ratings to reflect 'new reality'

Credit rating agency Standard & Poor's signalled on Friday that oil-exporting countries face fresh downgrades as crude prices fall further and that it could repeat last year's move when it made a big group of cuts all at once.

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S&P may cut oil countries' ratings to reflect 'new reality'

Credit rating agency Standard & Poor's signalled on Friday that oil-exporting countries face fresh downgrades as crude prices fall further and that it could repeat last year's move when it made a big group of cuts all at once.

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S&P cuts Oman credit rating as budget deficit widens

Credit rating agency Standard & Poor's has downgraded Oman's sovereign debt in a sign of growing pressure on the finances of some Gulf Arab oil exporters. "We project that a period of sustained low oil prices will

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S&P cuts Saudi foreign currency rating: report

Standard & Poor’s has cut the foreign currency rating of Saudi Arabia by one notch to A+ and kept the outlook on negative, said a Bank of America Merrill Lynch (BofAML) report. “We had expected a downgrade, but the

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S&P downgrade unjustified, says Saudi finance ministry

A decision by Standard & Poor's to cut Saudi Arabia's credit ratings is unjustified and ignores the strength of the kingdom's economy, the Saudi finance ministry said in a statement on Saturday. "The Ministry

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GCC firms under pressure amid low oil, govt cuts

Corporate and infrastructure companies in the GCC face a weaker operating environment on the back of lower oil prices, said a Standard & Poor’s report, adding that government expenditures, on which these companies largely depend, are s

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GCC firms under pressure amid low oil, govt cuts

Corporate and infrastructure companies in the GCC face a weaker operating environment on the back of lower oil prices, said a Standard & Poor’s report, adding that government expenditures, on which these companies largely depend, are s

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Majority of Mena sovereigns stable: S&P

Nine out of the 12 Mena sovereigns currently have a stable outlook despite the still-challenging political and economic backdrop, a Standard & Poor’s report said. Bahrain and Saudi Arabia have negative outlooks, while Eg

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