S&P Global Ratings publishes Middle East and North Africa sovereign rating trends 2017


"We rate eight of the 13 MENA sovereigns in the 'BBB' rating category or above. The average MENA sovereign rating is closer to 'BBB' than 'BBB-', but has been trending downward. When weighted by GDP, the average moves closer to 'BBB+'," said S&P Global Ratings sovereign credit analyst Trevor Cullinan. Since S&P’s regional publication in July 2016, Bahrain’s rating was lowered to 'BB-' from 'BB'. Available data for 2016 shows a weakening trend in GCC economic activity, reflecting the impact of low oil prices and the resulting fiscal consolidation and reduced banking sector liquidity.


Source:   The North Africa Journal
January 10, 2017 12:49 UTC






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