As oil prices drop, so do Standard and Poor ratings for Gulf states

By on    Bahrain, BB Top Story, Exclusives, Kuwait, Mideast, Oman, Qatar, Saudi Arabia  

Special to WorldTribune.com WASHINGTON — Two Gulf Cooperation Council states have dropped in ratings by a leading U.S. agency. Standard and Poor’s lowered the outlook of Saudi Arabia from positive to stable amid the decline in crude oil prices and the boom in shale oil production in the United States. The U.S. agency also reduced […]