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Sovereign upgrades elevate Sukuk ratings; GCC debt markets on track to break $1tn barrier

By Puja Sharma

April 17, 2024

  • banks in UAE
  • debt capital market
  • Fintech news
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Sukuk rating profile enhanced on sovereign upgrades; GCC DCM to cross $1tn The upgrades of Qatar and Turkiye have been ratings-positive for sukuk in these countries. Fitch rates about $185 billion of sukuk outstanding, around 80% of which are investment-grade. The share of sukuk issuers with a Positive Outlook expanded to 8% in 1Q24 (4Q23: […]

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