12.12.2011 - S&P reviewing ratings of 50 MENA banks on new criteria
Standard & Poorís (S&P) is reviewing credit ratings on 50 banks in the Middle East and North Africa under a new set of criteria, a move that could result in higher funding costs for lenders already hit by the euro zone crisis and the Arab Spring revolts. The agency, which last month classified Bahrainís banks as the riskiest in the GCC (Gulf Cooperation Council), and saw a weak credit profile for United Arab Emirates lenders, expects more activity in debt capital markets as bank lending struggles, a senior S&P executive told Reuters in an interview...............................................Full Article: Source
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