March 2020

GCC Credit Rating actions post COVID-19

Marmore First Take Report

Pages : 4

Executive Summary

  • S&P Global Ratings on March 26,2020 revised the credit ratings for GCC countries due to COVID-19 spread and the oil price dispute between Saudi Arabia and Russia.
  • Sovereign credit ratings unchanged for UAE (Abu Dhabi), Qatar and Saudi Arabia at ‘AA’, ’AA-’ and ‘A-’ respectively.
  • Kuwait’s sovereign credit rating was downgraded to 'AA-' from ‘AA’ due to high dependence on oil revenues and slow reform progress.

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Experienced and qualified team of Marmore Mena Intelligence has prepared this report. Since its inception, Marmore has published over 1000 research reports and covered more than 25 varied industries and policy segments; all focused primarily on the GCC economies.

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Executive Summary

راجعت وكالة ستاندرد آند بورز العالمية للتصنيفات في 26 مارس 2020 التصنيفات الائتمانية لدول مجلس التعاون الخليجي بسبب انتشار كوفيد-19 والنزاع القائم على أسعار النفط بين المملكة العربية السعودية وروسيا.

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