07 December 2021
Performance of Key 10-Year Bonds Source: Refinitiv
10Y Sovereign Yields Source: Refinitiv
5Y CDS Spreads (bps) Source: RefinitivRatings for UAE and Qatar were affirmed by Fitch and S&P respectively. Fitch affirmed UAE at 'AA-’ with stable outlook citing moderate consolidated public debt, strong net external asset position and high GDP per capita. S&P has affirmed Qatar’s ratings at ‘AA-/A-1+’ with stable outlook. While acknowledging that the rapid growth in external funding of Qatar’s banks present balance of payment risk, S&P considers the country’s substantial buffers to be a mitigation factor. Moody's has affirmed ratings of 9 Saudi Banks and has changed their outlook to stable from negative on the back of the banks’ resilient performance. Fitch Ratings has affirmed the credit ratings of First Abu Dhabi Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank and Mashreq Bank.
Know more about the performance of GCC and Global markets in November in our recent Global & GCC Capital Markets Review. Read more
Never miss a patch or an update with Marmore's Newsletter. Subscribe now!
GCC markets were more resilient than global markets in August supply uncertainties keep energy prices at elevated levels.Read More
The conglomerate with 100+ entities in nine business segments seems immune to global volatilityRead More