S&P's Cullinan Discusses Middle East Sovereign Ratings, Oil

The video discusses the decline in ratings for GCC oil exporters due to a sharp drop in oil prices since 2015. While some countries like Oman and Bahrain faced significant downgrades, others like Abu Dhabi and Kuwait maintained their ratings. The discussion includes oil price assumptions, with a projection of $55 per barrel, and the impact of OPEC cuts and shale production. The video also covers fiscal strategies, highlighting Saudi Arabia's budget challenges and the broader commitment of GCC countries to fiscal consolidation despite rising oil prices.

How did the ratings of Oman, Bahrain, and Saudi Arabia change in recent years?

What has been the trend in the average ratings of GCC oil exporters over the past four years?

What were the oil price assumptions made for this year and how do they compare to previous assumptions?

What is the main issue behind the assumptions regarding oil prices and GCC ratings?

What challenges does Saudi Arabia face regarding its budget and oil price assumptions?