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INTERVIEW-S&P may cut oil countries' ratings to reflect "new reality"

The plunge in oil prices since mid-2014 has brought a blizzard of downgrades, including for Russia and Brazil, which have been stripped of investment grade, number one producer Saudi Arabia, and Venezuela, where the oil rout has raised fears of a sovereign default. "We had an important number of downgrades last year in Africa, the Middle East and the CIS, and if our...
Source: Reuters | By: Marc Jones