Outlook Stable for GCC/Middle East Banks; risks remain, says Fitch

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Saturday 31, December 2011 by Robin Amlôt

Outlook Stable for GCC/Middle East Banks; risks remain, says Fitch

Fitch Ratings says the outlook for Gulf Cooperation Council (GCC)/Middle East banks is generally stable for 2012. Almost all the region's banks' Issuer Default Ratings (IDR) are on Stable Outlook, as a result of the probability of sovereign support.

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