Monday 11, March 2013 by Isla MacFarlane
Moody’s: Middle Eastern sovereigns display growing economic divergence
All Moodys-rated sovereigns in the Middle East and North Africa (MENA) have been affected by the global crisis and Arab Spring to varying degrees, but a clear divergence has emerged over recent years, with stable sovereign credit ratings among oil-rich countries and downward rating pressure facing those countries most affected by the Arab Spring, says Moody’s Investors Service.
