GCC banks resilient to 'modest' geopolitical risks: S&P Global | ZAWYA MENA Edition:
Banks in the Gulf region are resilient enough and can absorb foreign funding outflows without liquidity support, if the Gulf Cooperation Council’s (GCC’s) geopolitical situation escalate due to the ongoing US-Iran tensions.
Most GCC governments possess sufficient liquid assets and foreign exchange reserves to be in a position to support banks if required, says S&P Global Ratings in a report on Monday.
S&P Global Ratings has not changed any bank or sovereign ratings in the GCC region. The ratings agency does not expect direct military conflict between the US and Iran or their regional allies.
No comments:
Post a Comment