Moody's cuts Saudi Arabia's credit outlook to negative, cites oil-price shock driven by coronavirus

12:31pm PDT - May 4th, 2020    cnbc - Business Insider

  • Moody's downgraded Saudi Arabia's sovereign outlook to negative from stable on Friday, citing increased downside risks to the kingdom's fiscal strength from the oil rout. 
  • "The government's balance sheet has weakened since the previous oil p…