Ratings cut was not a surprise trade we spoke to the global head of the Rating Agency. Here is what he said. Primary reason is the impact on public finances, even though oil prices have started to come up again. When we look at a fiscal balance of last year there was a deficit. An enormous fiscal challenge in dealing with lower oil prices. The government has a plan to address that, we think the deficit will be lower this year, less than 10 of gdp. This used to be a country with a government that of zero, now it is rising with the deterioration of oil prices. The eloquent from stable from to negative, right . Now it is stabilized. To discuss downslope on the reform agenda you are talking about, cutting state subsidies, state spending, or does it, does that plan help approve longterm ratings . If the plan were implemented in full, saudi arabia would be transformed considerably. There we think there will be difficulty implementing them in full. There will be an improvement in public fan x