Tuesday 3 May 2011

S&P still sees 'negative trends' in GCC real estate - ArabianBusiness.com

The effects of the social unrest in the Middle East and North Africa are uneven across the corporate and infrastructure sectors in GCC states, Standard & Poor's said on Monday.

The ratings agency said in a new report said real estate and construction companies were likely to see "continued negative creditworthiness trends".

But it added that many infrastructure companies in Qatar, Saudi Arabia and the UAE would be "widely insulated" from the uprisings elsewhere in the region.

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