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Saudi Arabia and Bahrain See Low Oil Price Prompt Ratings Cut

Middle Eastern oil producers including Saudi Arabia and Oman had their ratings downgraded by Moody’s Investors Service because of a collapse in oil prices, according to a statement from the credit-ratings agency on Saturday.

The long-term issuer rating on Saudi Arabia, the world’s biggest oil exporter, was downgraded to A1 from Aa3 as lower oil prices may lead to a "material deterioration" in the nation’s credit profile. Bahrain’s rating was...