News Feed Online - Saudi Arabia hit with Moody's downgrade, prepares for 'painful' measures — but can likely weather the storm

16:25 2020-05-04

Saudi Arabia hit with Moody's downgrade, prepares for 'painful' measures — but can likely weather the storm

"We must reduce budget expenditures sharply," the Saudi finance minister said over the weekend. "Saudi finances need more discipline and the road ahead is long."

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