GCC chemical producers cope with stresses; no need for downgrade: S&P
- Date: 10-Oct-2022
- Source: Argaam
- Sector:Oil & Gas
- Country:Saudi Arabia
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.