GCC proves a credit to itself | The National

GCC proves a credit to itself | The National:



"In a sign of a further possible downgrade, Turkey this month had the outlook on its rating cut from stable to negative by Standard & Poor’s as concern surrounds the health of its economy. In contrast, the ratings of the GCC – excluding Bahrain – have remained relatively robust, underlining their deep reserves and stable political outlook.



Here, S&P’s John Chambers and Moritz Kraemer explain their lingering worries about the US and the euro zone, why Turkey is in trouble and how the GCC is managing to weather global rockiness."



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