06.01.2010 - U.A.E., Bahrain among crisis-prone emerging markets, RBS says
From Bloomberg: The United Arab Emirates and Bahrain were added to a group of developing economies considered most at risk of a debt crisis, according to a report by Royal Bank of Scotland Group Plc. “Large-scale” external borrowing by sovereign-linked companies in the U.A.E and “modest” foreign-exchange reserves in Bahrain pushed the countries into RBS’s so-called crisis- prone list, which ranks economies on their ability to repay debt, Timothy Ash, head of Europe, Middle East and Africa research at the bank in London, wrote in a research note...........................................Full Article: Source
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