GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

LONDON (S&P Global Ratings) Aug. 9, 2017: In a Credit FAQ titled 'Potential Implications Of Qatar Boycott For Gulf Cooperation Council Sovereigns,' published today, S&P Global Ratings responds to questions that have surfaced in recent discussions with issuers and investors about the implications of the Qatar boycott by a group of states for the Gulf Cooperation Council (GCC) sovereigns.

S&P Global Ratings believes that the impact of a group of states cutting diplomatic ties, as well as trade and transport links, with Qatar on June 5, 2017, may not be confined to within Qatar's borders. We expect that political tensions within the GCC will persist over the next few years, and believe that the boycott of Qatar has illustrated deeper fissures within the group than were previously evident.

For the most part, we have viewed the GCC as a stable political alliance in the Arab region. The GCC broadly maintained this stability through the global
financial crisis and the Arab Spring. Numerous regional economic initiatives, suggestive of a cohesive vision, have been launched, such as financial support packages for Oman and Bahrain, and the planned introduction of VAT across the region in 2018. In our view, these initiatives indicated a desire to ensure the political and financial stability of the GCC and its individual member states. While we do not think that this desire has changed significantly, in our view, the current tensions weaken the cohesiveness of the GCC and complicate policy predictability.

The boycott of Qatar comes at a time when regional sovereign financing requirements are at a historic high in the GCC. The boycott creates the potential for financial flows to be disrupted, and for the reversal of prior investment decisions and financing lines, including those to financial institutions. However, absent a material further escalation in the boycott, we do not expect these risks to materialize to a significant extent.

The group of states boycotting Qatar includes Saudi Arabia, United Arab Emirates, Bahrain, Egypt, Libya, and Yemen.

Only a rating committee may determine a rating action and this report does not constitute a rating action.


Posted by : GoDubai Editorial Team
Viewed 10340 times
Posted on : Wednesday, August 9, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Jebel Ali Free Zone trade reaches $80.2 billion in 2016
Next Story : UBS CIO: Egypt's economic growth could accelerate to 5 to 6 percent per year
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
SOUQ.com hosts two-day Samsung carnival with incredible offers on Mobiles, Weara...
Glamazle.com promises customers the perfect wings with its assortment of eyeline...
Protect your hair this summer with SachaJuan's Over Night Hair Repair
Perfect Fragrances to Celebrate Eid
100 New Ways to Transform Your Home With the New Ikea Catalogue
Next Major Smartphone From LG to Feature First-Ever OLED FullVision Display
LG V30 to Elevate Smartphone Camera to New Heights
Da Vinci With Moon Phase: Homage to an Icon
Eberhard & Co. SCAFOGRAF 300 timepiece
Michael Kors Access Expands With New Smartwatches, New Apps, New Faces and New M...
GCC's premium home appliance market to thrive with LG SIGNATURE
RAYMOND WEIL: Distinctive Freelancer 1212 Automatic for the elegant man
Michael Kors Debuts New Bancroft Handbag Collection
COÉGA Sunwear Launches Contemporary Autumn/Winter '17 Conservative Swimwear
Introducing the Fall 2017 GUESS Accessories Collection Advertising Campaign
A Post-Summer Pigmentation Saviour from MZ SKIN
SAINT HONORE: Opera resplendent with refreshing burst of freshness makes ideal E...
BOVET artisans introduce new dial materials Aventurine and Meteorite
Six Down, Two to Go - ADSB Keeps Up Pace in Delivering Ships to Kuwait
GROHE Blue Home – the private watersource for ultimate taste and enjoyment
The Ritual of Karma
Eid Al Adha with Paule Ka Fall-Winter '17
Malabar Gold & Diamonds receives Gemfield's ‘Retail Jeweller India Award'
Emily Ratajkowski wears Salvatore Ferragamo eyewear
Global Jewellery Retail Chain Joyalukkas signs Award-Winning Bollywood Actress K...
UAE is likely to see increased cashless transactions by 2020: Xpress Money's Str...
International SOS and Control Risks Advise Pilgrims Worldwide Ahead of Hajj 2017
Chronoswiss Regulator Classic Date in new size and with magnified date
ADNOC Distribution Announces New Retail Price of Unsubsidised LPG for Month of August
New UAE Space Agency Board of Directors Holds First Meeting
ICONIC announces ICONIC KIDS- Born Different
Zenith Chronomaster El Primero Full Open
Patrimony Collection Excellence Platine
Oasis Mall Brings Solar System to Life with Kids' Planetarium
The Government of Rajasthan & GEMS Education Announce Outcomes of the Inaugural ...
Dubai Land Department's ‘Ejari' smart application protects the right of all parties
Dubai Health Authority focusses on developing national talent in the health sector.
Turkish Airlines' cross-continental flights are more comfortable now with the ba...
Highly Anticipated Audemars Piguet Royal Oak Extra-thin Arrives in the Middle East
Entries open for ninth annual MEPRA Awards
Win prizes worth over AED 2million with Al-Futtaim's retail brands
Abu Dhabi Ports seals strategic partnership with Healthpoint for wellness-coachi...
UAE Team Emirates to Make Vuelta a España Debut
Dubai Chamber hosts workshop on VAT compliance in UAE retail sector
Growing appetite for seafood drives demand at Middle East's largest dedicated se...
Dubai Land Department Awarded Two ISO Certificates in Quality and Environmental ...
Ministry of Climate Change and Environment to Supply 9,500 Tons of Fertilizers t...
Dubai Culture Hosts Calligraphy Workshop in Erada Centre for Treatment & Rehab
"WATHIQATI" Receives the highest number of documents since its launch ...
AED 21 Billion Worth of Dubai Real Estate Projects Launched Since the Beginning ...