S&P cuts Saudi Arabia sovereign credit rating to A- from A+ - Qatar unchanged, Oman cut also

S&P casts its eye over oil producers

• Outlook raised to stable from negative (not all bad news then)
• Decline in oil prices will have a lasting impact on fiscal and economic indicators

Qatar is in the crosshairs also and have been affirmed at AA/A-1+, outlook stable

• Outlook reflects view that the economy will remain resilient and supported by macroeconomic fundamentals

Oman gets hit next and is cut to BBB- from BBB+

• Decline in oil prices will have a lasting impact on fiscal and economic indicators (word for word the same as the Saudi's)