VOL. XXXVIII

NO. 40

3-JULY-1995

Financial andBanking News

Capital Markets

Credit Rating Hits The Middle East

Competition in the Middle Eastern credit rating market has recently become alot hotter. Until earlier this year, there was effectively no competition: thelarger players were put off by the relative lack of sophistication of MiddleEastern capital markets and by the absence of advanced bond and commercial papermarkets in which to sell their services. The Cyprus-based Capital Intelligenceruled...