MANAMA: Coronavirus and low oil prices continue to keep Middle East and North Africa (Mena) sovereigns under pressure, says US-based ratings agency Fitch.
A new report by the firm shows that four of the 14 Fitch-rated Mena sovereigns are on negative outlook - Oman (which has been downgraded twice in 2020), Iraq, Jordan and Morocco - reflecting the hit to their public and external finances and growth as a result of the coronavirus pandemic and the fall in oil prices .
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