Mideast firms to need $91bn in refinancing: Moody’s

July 31, 2014 8:49 am

Moody’s Investment Services has said Middle East investment grade companies face refinancing needs of about $91bn from bank and bond debt due to mature over the next four years, Gulf News has reported. The refinancing needs of the region accounts for around 8% of total Europe, Middle East and Africa (EMEA) region’s bank and debt maturities of $1.17trn, Moody’s said. EMEA’s refinancing requirements between 2015 and 2018 comprise $322bn in bank debt and $788bn in bonds, it said.