Middle East Economic Survey

VOL. LII

No 40

5-Oct-2009

REGIONAL

Emerging Market Sovereign Credit Resilient To Recent External Shocks, Says S&P

The pace of credit deterioration has slowed nearly to a halt in the emerging market sovereign asset class, according to Standard & Poors Ratings Services. The report Emerging Market Sovereign Credit: The House Shook, But It's Still Standing notes that, since April 2009, the agency lowered the ratings on three emerging market sovereigns and raised the...