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.