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Lower oil prices and Iran tensions sees Fitch cut Saudi rating

ByRyan Littlestone

Apr 12, 2016

Fitch cuts Saudi Arabia to "AA-" – Outlook remains negative
– Country ceiling affirmed at "AA+"
– Tensions have risen between Saudi Arabia and Iran and are expected to persist
 

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  1. Chinese consumer price index rises at annual rate of 2.3% in March
  2. More from Villeroy: ECB has a duty to protect price stability in both directions
  3. UK industrial production June mm +0.1 % vs +0.1% exp
  4. The dollar appreciated sharply against the euro reaching 5 of January high, helped by increased probability of a Fed hike in December as well as an increase in US bond yields

By Ryan Littlestone

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