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CDS On Gulf Nations Widen Sharply

Credit default swap spreads on debt issuers in the Gulf Cooperation Council widened as a result of political upheaval in Egypt, reports Emirates 24/7.

Credit default swap spreads on debt issuers in the Gulf Cooperation Council widened as a result of political upheaval in Egypt. Five-year CDS on Saudi debt widened more than 46%, according to CMA DataVision, while those on Qatar widened 15%. CDS On Dubai have widened more than 12% in recent weeks, beginning with political tensions in Tunisia, Algeria and Yemen.

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