| From Bloomberg: Companies without ratings in Gulf Arab states owe more than $67 billion and are likely to sell bonds, Islamic notes and structured-finance instruments to extend their debt maturities, Moody’s Investors Service said.
“The proportion of bank debt for unrated corporates is high,” the rating company said in an e-mailed report today. This “makes such corporates more likely to pursue debt funding as an alternative,” it said..............................................Full Article: Source
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