Quartz | Weak Oil Prices Prompt Fitch to Cut Saudi Arabia's Rating ABC News Saudi Arabia suffered another credit ratings downgrade on Tuesday after Fitch lowered its view on the oil-rich kingdom in light of the fall in energy prices. In a note, Fitch said it was reducing its rating on Saudi Arabia by one notch to AA- from AA ... Saudi Arabia is on a drilling binge—and looks likely to again dominate global oil Fitch Downgrades Saudi Arabia to 'AA-'; Outlook Remains Negative (USO) (OIL) Why Low Oil Prices Are A Threat To Saudi Arabia: Investment Plan Doesn't Work |