Bloomberg News

Rising Debt Maturities in GCC Pose Refinancing Risks, S&P Says

November 27, 2011

Nov. 17 (Bloomberg) -- Companies in the Gulf Cooperation Council countries will face rising refinancing risks in the next three years as the amount of debt maturing increases “significantly between 2012-2014,” Standard & Poor’s Ratings Services said.

“The region is ‘‘entering a challenging loan and bond refinancing cycle, especially given the ongoing volatility in capital markets and fears that slowing global economic growth is already curbing corporate debt issuance and heightening refinancing risk in the region,’’ it said. Bonds and sukuk of about $25 billion will mature in 2012 and about $35 billion in 2014, S&P said, citing industry estimates.

To contact the editor responsible for this story: Shaji Mathew at

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