Fitch upgrades Saudi debt rating
- Published: 09 July 2008 14:41
- Author:Matthew Martin | More by this Author
- Last Updated: 09 July 2008 15:46
Fitch Ratings has increased the ratings on sovereign debt from Saudi Arabia by one notch to AA- as a result of record oil prices, and says it expects the country to hold external assets worth more than its GDP by the end of 2008.
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