Middle East Economic Survey

VOL. LII

No 9

2-Mar-2009

REGIONAL

Declining Credit Quality And Challenges To Gulf Credit Ratings Likely In 2009

Overall credit quality in the Arab Gulf region has declined in the last quarter of 2008 and is expected to worsen in 2009. Although the impact of the international financial crisis was delayed, the region has to deal with the consequences of the global recession, especially in terms of lower availability of financing and cash liquidity. According to a report...