Middle East Economic Survey

VOL. LIV

No 47

21-Nov-2011

REGIONAL

S&P Warns Of Refinancing Risks As Gulf Debt Matures

With the amount of debt maturing in the Gulf set to spike in 2012-14, Gulf bond issuers are facing rising refinancing risks, warned Standard & Poors Rating Services. Bonds and sukuk worth $25bn will mature in 2012, rising to $35bn in 2014, according to industry estimates, and this could prove challenging, especially given that capital market volatility and economic...