Middle East Economic Survey
S&P Hikes Ratings Of Seven Gulf Banks On Expectations Of Greater Government Support
Standard & Poor's (S&P) announced on 30 January that it had raised its counterparty credit ratings on seven banks in Kuwait (A+/Stable/A-1+) and Saudi Arabia (foreign currency A/Positive/A-1; local currency A+/Stable/A-1) due to a greater weighting of potential government support in the banks' creditworthiness. S&P has raised its...
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