Tag: S&P

S&P downgrades Qatar outlook

Standard & Poor’s (S&P) has affirmed Qatar’s long-term rating at AA and short-term rating at A-1+ but revised its outlook to negative because of evidence of growing external indebtedness in a report issued on 3 March. “The negative outlook reflects…

GCC finance needs to be $560bn

  GCC governments will need financing worth $560bn in 2015-19 as a result of lower oil prices, S&P Global Ratings said in a report published today. “We estimate that, in nominal terms, GCC sovereigns’ combined fiscal deficit will reach $150bn…

Qatar affirmed at AA

Standard & Poor’s (S&P) said on 2 September that it is affirming its rating of Qatar at AA/A-1+. “The stable outlook reflects our view that Qatar’s economy will remain resilient, although we anticipate continued institutional weaknesses and an only moderate increase…

S&P affirms NBK at A+

For full coverage of Middle East business, see MEED Standard & Poor’s (S&P) has affirmed the long-term credit ratings of National Bank of Kuwait (NBK) at A+. All the bank’s ratings carry a stable outlook. “Our outlook on NBK is…

S&P cuts Saudi Arabia to A-

For full coverage of Middle East business, see MEED Standard & Poor’s Ratings Services  (S&P) today announced that it had lowered its unsolicited long- and short-term foreign- and local-currency sovereign credit ratings on the Kingdom of Saudi Arabia to A-/A-2…