S&P Upgrades Qatar, UAE; Downgrades Greece

Mani

Published onOctober 31, 2013

Updated on May 13, 2021

S&P Dow Jones Indices has upgraded Qatar and the United Arab Emirates to emerging market classification, while downgrading Greece from its developed market classification.

Table of Contents

South Korea and Taiwan will be designated as developed and emerging markets respectively, while Egypt and Morocco will retain their emerging market classification.

Rationale for Qatar’s upgrade

Providing rationale for upgrading Qatar to emerging market from frontier market classification, S&P notes the country has introduced DVP (Delivery Vs Payment) settlement system in 2011, besides enhancing it twice in 2012 to offer full...

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article

Already a member? Log in here

Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

S&P Upgrades Qatar, UAE; Downgrades Greece

Rationale for Qatar’s upgrade

Login required to continue reading.

Get Your Business News