GCC banks given thumbs-up by Moody’s ratings agency – not so those in wider Mena | The National

GCC banks given thumbs-up by Moody’s ratings agency – not so those in wider Mena | The National:

"The ratings agency Moody’s Investors Service is upbeat on GCC banks in 2014 amid cash surpluses, but negative on lenders in the rest of Mena which is still reeling from the economic fallout of the Arab Spring.

Moody’s said it expects the credit ratings of banks in the Arabian Gulf to remain stable next year as oil revenue propels public spending while its outlook for lenders in the deteriorating economies of Egypt and Tunisia is negative amid rising delinquencies."

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