Fitch Ratings revised its outlook on Saudi Arabia to “negative” from “stable,” citing lower oil prices and increased spending tied to the accession of King Salman. While the ratings agency affirmed its AA rating for the Kingdom, it forecast a general government deficit of 14.4 percent of gross domestic product in 2015. Fitch added that … Continue reading EconSource: Fitch Revises Saudi Arabia’s Outlook to Negative From Stable