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Saudi banking system outlook revised to negative from stable - Moody's

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 16, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Moody's rating agency has revised Saudi banking system outlook to negative from stable, reflecting expectation of persistently low oil prices, with government spending declines to weigh on sector.

    Headlines - Reuters

    We expect the operating environment for saudi banks to weaken over the next 12-18 months"

    With prospect of lower oil prices for longer and 14% reduction in public spending in 2016, believes credit risks across system are rising

    Banks will also continue to remain exposed to event risks stemming from persistently high single-party exposures

    Tightening liquidity to likely expose banks to greater funding volatility in line with regional pressures
    For more information, read our latest forex news.
     

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