VOL. XLVI

No 37

15-September-2003

RATINGS

Credit Ratings Of GCC Banks Boosted By Crude Prices And Iraq, Says S&P

High crude oil prices and the removal of the military threat to neighboring countries posed by Iraq are among the factors which have recently boosted the credit ratings of Gulf Cooperation Council (GCC) countries, according to Emmanuel Volland, Director of Financial Services Ratings at Standard and Poors (S&P). Speaking at the Emerging Market Banks conference, held by the...