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S&P: The escalation of geopolitical tensions increased the risk to the credit ratings of the Gulf countries DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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S&P: The escalation of geopolitical tensions increased the risk to the credit ratings of the Gulf countries

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S&P: The escalation of geopolitical tensions increased the risk to the credit ratings of the Gulf countries Empty S&P: The escalation of geopolitical tensions increased the risk to the credit ratings of the Gulf countries

Post by claud39 Tue Jan 07, 2020 8:39 am

S&P: The escalation of geopolitical tensions increased the risk to the credit ratings of the Gulf countries




07/01/2020





S&P: The escalation of geopolitical tensions increased the risk to the credit ratings of the Gulf countries Rc_157838145442_23





The Standard & Poor's Global said that the sovereign ratings of Bahrain, Qatar and the Sultanate of Oman will be the most vulnerable to damage from a long and extensive conflict in the Gulf region following the killing of the Iranian military commander Qassem Soleimani.

The corporation's analysts said in a report that if tensions continue to escalate, the support that the public budget may receive from the rise in oil prices is likely to be overshadowed by capital outflows and declining economic growth.

The report said, "We consider that Bahrain and the Sultanate of Oman are the most vulnerable to outflows due to their high needs of external financing."

'Oman’s dependence on external debt is a major factor in our negative outlook on its sovereign rating (BB / B). The high risk premium in the event of an escalation of the conflict may put further pressure on the already high debt service costs. ”

The report added that Abu Dhabi, Kuwait, and Saudi Arabia, as well as Qatar, are expected to be 'in a better position given their large balance of government foreign assets that can be used' while the Iraq (B-) classification already includes a high degree of political risk.







http://www.uabonline.org/en/news/arabicnews/15871578157516061583158515831570160615831576160815/71562/1
claud39
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