​UAE: Sharjah taps the bond market despite downgrades

GULF COUNTRIES - Report 03 Mar 2021 by Justin Alexander

Sharjah is raising $1bn in 7 and 12-year bonds despite downgrades by rating agencies to the verge of junk status and little sign of a plan to bring its structural deficit under control. Implicit support from Abu Dhabi remains key to the story.

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