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Sunday, 26 February 2017

Mena sovereign borrowing set to decline | The National

Mena sovereign borrowing set to decline | The National:

"Middle East and North African governments are likely to issue less commercial debt this year as budget deficits improve after record issuances last year, a report said on Sunday. The latest research from S&P Global Ratings said sovereign borrowing is set to decline by 20 per cent to US$136 billion following record debt issuances of $170bn last year. "We project that the 13 Mena sovereigns that we rate will borrow an equivalent of $136bn from long-term commercial sources in 2017," said Trevor Cullinan, a primary credit analyst based in Dubai for S&P."

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