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GCC: Infrastructure credit outlook stable

Posted on 03 May 2011

The effects of the recent social unrest and political upheaval in the Middle East and North Africa are uneven across the corporate and infrastructure sectors in the Gulf Cooperation Council (GCC) states, said Standard & Poor’s Ratings Services.
“We continue to foresee a plump pipeline for infrastructure projects in power and water, transport, and renewable energy. In addition, we believe there’s room for expansion in Islamic finance. To date, only a couple of issuers have issued Shariah-compliant project financings,” it noted……………………………………….Full Article: Source

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