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Societe Generale Editorial on Sovereign Ratings

17/12/2017

GCC sovereigns must keep up with structural reforms to retain strong credit ratings

Member countries of the GCC have traditionally been among the strongest rated sovereigns, maintaining very low debt levels thanks to oil-related fiscal revenues. The credit profiles of GCC sovereigns remain strong, and the lower oil price environment since 2015, has triggered the sort of crisis which could generate great future opportunities if managed correctly: in other words, through the implementation of deep structural reforms. Read the whole article on The National's website: www.thenational.ae/business/gcc-sovereigns-must-keep-up-with-structural-reforms-to-retain-strong-credit-ratings-1.685115