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RIYADH: The global sukuk issuance for the second quarter is building up even as it faces short-term uncertainties amid continued macro volatilities, revealed US-based Fitch Ratings in its report released on Wednesday. “Islamic investor’s liquidity and investment appetite continues to be supportive of the longer-term sukuk story,” said Bashar Al-Natoor, the global head of ....
RIYADH: Improved fiscal positions of energy-exporting issuers like Saudi Arabia will help stabilize long-term sovereign sukuk issuance at around $80 billion in 2023 and $80-$85 billion in 2024, according to credit rating agency Moody’s Investors Service. Supporting but lower hydrocarbon prices will continue to boost fiscal balances of energy-exporting sovereign sukuk ....
The rating agency said a revenue windfall from elevated oil prices, despite recent declines, will allow most GCC governments to lower debt burdens and rebuild fiscal. ....