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Rising GCC debt maturities pose refinancing risks – S&P

Standard & Poor's Ratings Services has said companies in GCC countries are set to face increasing refinancing risks in the next three years as the amount of debt maturing increases "significantly," Bloomberg has reported. 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," S&P said.