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UAE banks see further weakening of demand for credit: S&PCash flow pressures due to higher-for-longer rates could eventually weigh on corporate credit quality and further weaken demand for new credit in 2024 for UAE banks, said S&P Global Ratings. “High int More… |
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Oman upgraded to 'BB+' From 'BB'; outlook stable: S&PS&P Global Ratings has raised its long-term foreign and local currency sovereign credit ratings on Oman to 'BB+' from 'BB'. “We affirmed the short-term ratings at 'B'. Th More… |
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Saudi chemical producers can fend off feedstock price hike: S&PChemical producers in Saudi Arabia should be able to withstand higher feedstock prices if a hike materializes in the fourth quarter of 2023, according to S&P Global Ratings. The S&P statement comes foll More… |
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GCC’s ‘real GDP to slow; Islamic finance to grow 10pc’S&P Global Ratings expects a material slowdown in GCC economies’ real GDP growth in 2023-2024, compared with 2022, largely based on lower oil production. “However, we thin More… |
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Saudi credit ratings get top upgrade with stable outlookGlobal credit rating agency S&P Global Ratings updated its credit report for the Kingdom of Saudi Arabia, raising its long and short-term foreign and local currency sovereign credit ratings to 'A/A-1' with stable outlook, reported More… |
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GCC states can manage energy transition, says reportThe Gulf Cooperation Council (GCC) economies have time to manage the global transition away from hydrocarbons because the competitive advantage afforded by their low cost of production should delay peak demand for their oil compared to other p More… |
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Bahrain gets S&P ratings boost on fiscal reforms, high oil pricesS&P Global Ratings today (November 26) revised its outlook on Bahrain to positive from stable, while affirming its 'B+/B' long- and short-term foreign and local currency sovereign credit ratings. The transfer and convertibility ass More… |
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Bahrain gets S&P ratings boost on fiscal reforms, high oil pricesS&P Global Ratings today (November 26) revised its outlook on Bahrain to positive from stable, while affirming its 'B+/B' long- and short-term foreign and local currency sovereign credit ratings. The transfer and convertibility ass More… |
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GCC sustainability strategy ‘unlikely to see big spending’GCC oil and gas and chemical companies, are unlikely to meaningfully adjust their strategies and spending in the next five years, despite a greater focus on environmental targets in the region, said S&P Global Ratings in a new report. More… |
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S&P affirms stable credit rating for Ras Al KhaimahS&P Global Ratings updated the credit ratings on Ras Al Khaimah, affirming the A-/Stable/A-2 sovereign rating. Key highlights: • The stable outlook reflects S&P Global More… |
