Debt appetite will continue for Gulf investors | GulfNews.com:
"By many measures 2016 was a blockbuster year for debt markets in the Gulf region. Backed by solid credit fundamentals and compelling valuations, the size and frequency of debt issuance last year surpassed even the most optimistic of forecasts. But the success should not be viewed as a one-time anomaly. Instead, in our view, recent developments have created a platform for potential further outperformance for the asset class in 2017. The reasons are straight forward: a more stable oil price, coupled with further fiscal consolidation by GCC governments and continued easy global monetary policies are all potential contributors for credit to perform. It is worth remembering that a year ago there were serious concerns about slumping oil prices and the spillover impact on the region’s hydrocarbon dependent economies. This wall of worry has, for now, been removed."
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