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...
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