Saudi Arabia ETF Falters Following Credit Downgrade
March 23, 2017 at 10:39 AM EDT
The iShares MSCI Saudi Arabia Capped ETF (NYSEArca: KSA) fell Wednesday after Fitch Ratings lowered the kingdom’s credit rating by one level, citing concerns about falling oil prices and the ability of Saudi Arabia to bolster the non-oil sectors of its economy. “Fitch lowered the...
