Middle East Economic Survey
Oil Dependency Not Necessarily A Constraint For Sovereign Ratings, Says S&P
The economic dependency of a country on oil production and exports does not necessarily represent a serious constraint on its sovereign credit ratings, ratings agency Standard & Poors (S&P) has said. In a 2 December report entitled Oil or Nothing? Stress-Testing Sovereign Ratings on Oil-Producing Countries, S&P said that there were...