GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Banking and Investments

 
  Share

LONDON (S&P Global Ratings) Aug. 9, 2017:  In a Credit FAQ titled 'Potential Implications Of Qatar Boycott For Gulf Cooperation Council Sovereigns,' published today, S&P Global Ratings responds to questions that have surfaced in recent discussions with issuers and investors about the implications of the Qatar boycott by a group of states for the Gulf Cooperation Council (GCC) sovereigns.

S&P Global Ratings believes that the impact of a group of states cutting diplomatic ties, as well as trade and transport links, with Qatar on June 5, 2017, may not be confined to within Qatar's borders. We expect that political tensions within the GCC will persist over the next few years, and believe that the boycott of Qatar has illustrated deeper fissures within the group than were previously evident.

For the most part, we have viewed the GCC as a stable political alliance in the Arab region. The GCC broadly maintained this stability through the global
financial crisis and the Arab Spring. Numerous regional economic initiatives, suggestive of a cohesive vision, have been launched, such as financial support packages for Oman and Bahrain, and the planned introduction of VAT across the region in 2018. In our view, these initiatives indicated a desire to ensure the political and financial stability of the GCC and its individual member states. While we do not think that this desire has changed significantly, in our view, the current tensions weaken the cohesiveness of the GCC and complicate policy predictability.

The boycott of Qatar comes at a time when regional sovereign financing requirements are at a historic high in the GCC. The boycott creates the potential for financial flows to be disrupted, and for the reversal of prior investment decisions and financing lines, including those to financial institutions. However, absent a material further escalation in the boycott, we do not expect these risks to materialize to a significant extent.

The group of states boycotting Qatar includes Saudi Arabia, United Arab Emirates, Bahrain, Egypt, Libya, and Yemen.

Only a rating committee may determine a rating action and this report does not constitute a rating action.



Posted by : GoDubai Editorial Team
Viewed 77928 times
Posted on : Wednesday, August 9, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Jebel Ali Free Zone trade reaches $80.2 billion in 2016
Next Story : UBS CIO: Egypt's economic growth could accelerate to 5 to 6 percent per year
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Sacoor Brothers launches FIRST ever Fragrance “GENTLEMAN”
Caudalie The Des Vignes
Trend Alert! Summer Can Never Be a Forgotten Memory With kate spade
Get Your Summer Glow From Within
Palmer's Coconut Oil Formula for Body and Hair
Corum Presents La Grande Vie
Caudalie and Al Jalila Foundation Join Hands for the Launch of ‘Glamour for Good'
Express Your Signature Style
The Memovox Adventure
Tissot Lepine It's making a comeback Vintage
LG launches new AI-powered premium LG G7 ThinQ+ flagship for GCC consumers
The Rado HyperChrome Skeleton Automatic Chronograph Limited Edition
Sandooq Al Watan and DarkMatter Launch Second Phase of "Emirati Coder"
Manero Peripheral (43 Mm) Classic Watchmaking Meets State -of-the - Art Technology
OMEGA's second "Speedy Tuesday" sells in 01:53.17
The Lacoste Family Capbreton Collection
New short indie movie ‘The Peril' is a wake-up call to parents about internet sa...
Ferrari takes the “Red Dot: Best of the Best” design award for the fourth year r...
Dubai Parks and Resorts and GEMS Education launch the second annual Summer Camp
Cerruti 1881 Infinite Love
Ulysse Nardin Salutes Us Navy With Limited Edition Executive Skeleton Tourbillon
Olivia Burton Watercolour Florals
Beat the heat with mini dresses
Director of Dubai Customs discusses fostering business with South Korean Consul ...
Tridom, Ras Al Khaimah's first indoor adventure park, opens its doors in Manar Mall
World-first as the F1® Innovation Prize prepares to transform fan's winning tech...
Enjoy an all-day breakfast at Sophie's Café
UAE's Emirates Transport Chooses Oracle Cloud to Drive Rapid Expansion and Deliv...
Open Dairies by Parmigiano Reggiano Consortium: A gastronomical event for touris...
Airbus unveils winners of its ‘Entaliq in KSA' initiative
DHL Express drives energy efficient solutions with new electric vehicles in Dubai
Innovative Chronofighter Superlight Carbon is replete with Graham's formidable m...
Outstanding Guide programme launched by Sharjah Museums Authority
Tissot T-Race Cycling An adrenaline-fuelled ride
Dubai Creek Harbour Project Celebrates 5 Million Man Hours with Zero Lost Time A...
Abu Dhabi Airports Celebrates Success at CIPS Middle East Supply Management Awards
Shopping assistance for Arabic-speaking passengers in the summer months
Sighting Immediate Hiring of UAE Nationals, Union Coop Organizes Exclusive Recru...
Launch of PINAR Water - Turkey
Cromia Offers Amazing Discounts during DSS
Dubai Business Women Council witnesses 28.3% growth in total membership during f...
2XL launches luxurious Louna sofa set in velvet
‘Green' retailers to continue to gain traction with consumers
New hope for patients as world's first and only approved therapy to treat two ty...
Emirates makes history with one-off A380 touchdown in Islamabad
Dubai Camel Racing Club Honours Al Tayer Motors
Finnair launches off-airport baggage collection and check-in service in London w...
DKNY Fall 2018
HP Collaborates with Abu Dhabi's Danat Al Emarat Hospital to Re-invent Patients'...
DALBY and its 50 years of experience in hydraulic hooklifts will be present at t...