The drop in the kingdom's credit outlook comes as it faces the risk of being dragged into a regional conflict with Iran.
The combination of unprofessionalism in the Saudi armed forces and the lack of a clear understanding of strategic and tactical defence needs have led to a major security breach in the kingdom.
Riyadh spends billions of dollars every year on procuring high-tech weaponry but was not able to protect one of its most obvious high-profile targets.
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