Middle East Economic Survey
S&P Raises Sharjah Islamic Banks Rating To BBB+
Standard & Poors Ratings Services raised to BBB+ from BBB its long term counterparty credit rating on Sharjah Islamic Bank (SIB), based in the Emirate of Sharjah (not rated), on 21 April. At the same time, S&P affirmed the A-2 short-term counterparty credit rating. The outlook is stable. We expect SIB to navigate out of the crisis with a relatively unscathed financial...