This report does not constitute a rating action. DUBAI (S&P Global Ratings) Nov. 10, 2026--Disruptions related to the Middle East War are likely to continue through 2027. Depending on their intensity, as well as the effectiveness of mitigation measures, this will increase pressure on creditworthiness in the region, S&P Global Rating said in a report published today. The report,"Credit Conditions Special Update: Continued Middle East Disruption Is Part Of The Base Case ,"notes that there remains significant uncertainty regarding the conflict, with wide differences between the key parties and ongoing hostilities. This results in continued elevated risk of renewed escalation."Our base case assumes broadly stable regional credit quality despite disruption over 2027,"said S&P Global Ratings
