"Moody 's " rating fell 18 oil exporter

03/05/2016 16:05


Tomorrow Press / follow-up:

Foundation issued a credit rating, "Moody's", a report on the Petroleum Exporting Countries, which confirmed its forecast for the continuing decline in oil prices for a longer period than previously estimated affecting the credit standing of the top exporters.

Over the past days, the recommended investment management services in the Moody's rating review of 18 countries oil exporter, while lowered the credit rating of the four countries.

Reduced "Moody's" in their recent credit rating slightly for each of the Congo, Azerbaijan, Bahrain and Oman.

It has already been the institution's credit rating for Brazil has reduced sharply in Norway kept its rating on what it is.

Among the countries which will review the Moody's credit rating because of low oil prices: Algeria, Gabon, Kuwait, Nigeria, Qatar, Saudi Arabia, UAE and Russia.

According to the latest estimate for oil prices, Moody's announced in January that the average price of Brent crude oil is expected for the current year is $ 33 a barrel, expected to rise to $ 38 in 2017 and to $ 48 a barrel in 2019.


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