Middle East Economic Survey


No 38



Moodys Anticipates Rise In New Ratings Requests

An increase in demand for new ratings requests is anticipated by Moodys Investors Service in the wake of the end of Ramadan, as unrated non-financial corporate entities seek to diversify their funding sources. In a study titled Refinancing Corporate Debt in the Arabian Gulf, the ratings agency found that 28% of more than $67bn in total outstanding debt held by unrated corporates in GCC...