Rating agency Standard & Poor’s (S&P) downgraded Saudi Arabia, Bahrain, and Oman’s credit ratings on Wednesday, citing pressures being created by the drop in oil prices. S&P downgrade d Saudi Arabia’s credit grade by two levels to A- from A+. “The decline in oil prices will have a marked and lasting impact on Saudi Arabia’s … Continue reading EconSource: S&P Downgrades Credit Ratings of Saudi Arabia, Bahrain, Oman