S&P agency says credit rating interest is growing among UAE firms | The National:
"Standard & Poor’s is seeing an uptick in interest from UAE companies in gaining a credit rating as new caps on bank lending encourage government-linked firms to turn to bond markets.
Separate draft rules on debt issuance by the Securities and Commodities Authority (SCA) were also encouraging companies to consider bond sales, said Stuart Anderson, the managing director and regional head of the Middle East at S&P.
“We are seeing a strong level of inquiry from previously unrated corporates,” he said yesterday. “Markets are positive in terms of trajectory, there appear to be strong interest from existing and potential issuers.”"
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