GCC corporate issuer ratings to remain stable despite U.S.-Iran tension, says S&P Global Ratings, covered by the specialist press

In a recent report, S&P Global Ratings has addressed the questions playing on the minds of investors over the past few weeks: how likely is an escalation of U.S.-Iran tensions, and how would it impact financial institutions and governments in GCC countries?

“While we don’t expect the current geopolitical tensions to lead to any rating actions under our base-case scenario,” explained Timucin Engin, Senior Director, S&P Global Ratings, “we do expect corporates in some sectors to face some operating weakness arising from the geopolitical tensions.”

Following outreach by Moorgate, the report was covered by Trade Arabia, Arabian Business, Gulf News, Islamic Business and Finance, and Banker Middle East.

Middle East set to benefit from China’s BRI, says BNY Mellon in Banker Middle East

China’s Belt and Road Initiative (BRI) presents significant potential for the future of global trade. And the country’s reliance on the Middle East for oil imports means that there is potential for the region to become key beneficiaries of the ambitious project. This could bring significant benefits to the Middle East, including increased investment, improved infrastructure and an increase in bilateral trade.

In an article for Banker Middle East, Bana Akkad Azhari, Head of Relationship Management MEA & CIS, BNY Mellon, discusses the striking opportunities for the Middle East in China’s Belt and Road Initiative, and the role that local and global banks have to play in harnessing these opportunities.

To read the full article, please see page 46 of Banker Middle East‘s June edition here.

Natixis’s Rene Defossez comments on Brexit’s impact on investment in U.K. companies in The National

Following the extension to the Brexit deadline granted to Theresa May at an EU summit in Brussels from 12th April to 31st October, Rene Defossez, senior economist at Natixis, commented: “This latest delay solves nothing and won’t be an incentive for firms to invest or call off their contingency plans. This delay merely points to lastingly weak growth.”

“Brexit is much like a computer virus: it is causing malfunctions to the UK’s economic and political ‘programs’,” said Defossez. “[The] European Summit has not really acted as an anti-virus: the political situation in the United Kingdom remains deadlocked and the country’s economy will continue to suffer from Brexit-related uncertainties.”

The comments can be found in this article by The National.

S&P Global Ratings’ Gloria Lu and Abhishek Dangra discuss looming volatility in Asian infrastructure market for Brink Asia

S&P Global Ratings’ Gloria Lu, Senior Director of Corporate & Infrastructure Ratings, Asia Pacific, and Abhishek Dangra, Director, Asia Pacific Corporate Ratings, recently discussed the looming volatility shadowing Asia’s infrastructure market for Brink News, offering their own views and potential responses to increasing risks proliferating in the region.

Discussing the refinancing risks that China may face as a third of the market’s debt approaches maturity in the coming months, Lu and Dangra consider some options available to mitigate external pressures, such as political and regulatory reform.

Read the full article here.

S&P Global Ratings’ Julyana Yokota reviews Latin America’s changing infrastructure landscape for Brink News

In a commentary for Brink News, Julyana Yokota, Director of Infrastructure Ratings at S&P Global Ratings, highlights the geopolitical and regulatory risks that are driving a shift in investor sentiment towards Latin American infrastructure.

Yakota considers Brazil, Mexico and Argentina individually, alongside the broader regional landscape, stating that “credit conditions have significantly improved…particularly with regard to utilities’ regulatory stability and transparency.”

The full commentary can be found here.

Crown Agents Bank’s David Bee explores how technology can help investors navigate Africa’s currency market

As the appetite for foreign direct investment (FDI) in Africa intensifies, currency illiquidity and volatility stand as potential barriers to growth. In an article for The Global Treasurer, David Bee, Head of Global Markets at Crown Agents Bank, explores how new, innovative technologies – such as EMpowerFX – can begin to offset Africa’s currency concerns.

Please click here to read the full article.

 

CAB launches its new video

Crown Agents Bank’s new video made its debut at the Treasurers Roundtable Annual Conference in Washington DC last week.

Moorgate was involved in all stages of the production.