S&P concern over Sharjah as agency changes outlook to negative | The National:
"Sharjah’s economic strains and rising government budget deficit worry the credit rating agency Standard & Poor’s, which yesterday changed its outlook to negative and warned it could downgrade the emirate’s debt rating.
Despite the warning, the agency reaffirmed Sharjah’s current long and short-term debt ratings at A and A1, respectively, citing strong support it receives as a member of the UAE federation.
Although Sharjah has a relatively diverse economy and is not directly dependent on oil and gas, S&P cited its exposure to oil-dependent neighbours as the main reason for slower growth."
'via Blog this'
No comments:
Post a Comment