‎GCC chemical producers cope with stresses; no need for downgrade: S&P

‎GCC chemical producers cope with stresses; no need for downgrade: S&P

Chemical companies in the Gulf are likely to cope relatively well with the current stresses of rising interest rates and higher energy costs, S&P Global said in a recent report.

Chemical producers, mostly in Saudi Arabia, benefit from competitive low prices of raw materials, while ensuring supply chains in the long term and the presence of a sloid base of clients and shareholders.