Middle East Economic Survey
VOL. LII
No 23
8-Jun-2009
REGIONAL
S&P Lowers GIC Credit Rating On Constrained Income Streams
Standard & Poors Ratings Services (S&P) announced on 2 June that it has lowered its long-term counterparty credit rating on Kuwait-based Gulf Investment Corporation (GIC) to BBB from BBB+, while keeping its long and short term counterparty credit ratings on CreditWatch, where they had been placed in February. The agency said that GICs ratings are constrained by a...
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