Moody's Investor Service said stubbornly low oil prices will present a medium-term challenge for the defense sector, but the effect on the sale of commercial aircraft should be moderately positive on a global scale. Moody's said defense sales to the Middle East, the world's largest arms-importing region, could be tempered because defense budgets are so dependent on oil revenues. It said a slowdown in Middle East sales, combined with recent downturns in Asia, could undermine the ...

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