Standard & Poor's downgrades Kazakhstan, Bahrain, Oman and even Saudi Arabia | WHAT REALLY HAPPENED

Standard & Poor's downgrades Kazakhstan, Bahrain, Oman and even Saudi Arabia

International rating agency Standard & Poor's downgraded credit ratings of Kazakhstan, Bahrain and Oman on Monday amid a sharp drop in oil prices, a press release from the agency said.

Kazakhstan's rating was lowered to "BBB" with a negative outlook from "BBB +". The agency downgraded Bahrain's rating to "BBB-" with a negative outlook from "BBB". Oman's rating was downgraded from "A" to "A-" with a negative outlook.

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