S&P maintains 'BBB+/A-2 Rating for Sharjah amid growth expectations - The National

S&P maintains 'BBB+/A-2 Rating for Sharjah amid growth expectations  - The National:

"S&P Global Ratings has affirmed its BBB+/A-2' credit rating for Sharjah on expectations that the emirate's economy will recover in the next three years thanks to a deficit reduction programme and added investment related to Expo 2020. "We expect an acceleration in GDP growth in 2018, based on the increased economic activity in the real estate and construction sectors and the spillover effects of rising investment in nearby Dubai in relation to its World Expo 2020," said the rating agency, which held its outlook for the emirate's economy as stable. The emirate's economy is expected to average 2 per cent growth a year from 2018 to 2021, S&P predicted. Sharjah's government has yet to disclose its own GDP growth forecasts for the coming year."



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