Arab States Face $94 Billion Debt Crunch on Oil Slump, HSBC Says

By
Stefania Bianchi
  • $52 billion of bonds, $42 billion of loans due this, next year
  • Refinancing challenging with slow growth, rating downgrades

The Correlation Between Oil and Stocks May Last a While

Gulf Cooperation Council countries may struggle to refinance $94 billion of debt in the next two years as the region faces slowing growth, rising rates and rating downgrades, according to HSBC Holdings Plc.

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