Hussain on Kuwait Rating Cut, EM Fixed Income

The video discusses the implications of Kuwaiti debt on the GCC, noting that it is not a major issue due to its infrequent issuance and high rating. The conversation shifts to the flattening of the treasury curve and its impact on GCC fixed income, highlighting the need for fund managers to consider high-grade investments. The outlook for GCC issuance is explored, with a focus on Saudi Arabia's reduced debt issuance due to high energy prices. Finally, the potential market appetite for ADNOC bonds is analyzed, emphasizing the need for cautious investment strategies.

What are the shorter and medium-term implications for Kuwaiti debt?

How does a downgrade from high rating levels typically impact spreads?

What strategies should fund managers consider in light of the current flattening?

What factors are influencing the current market conditions for issuances?

What is the expected trend for Saudi issuance in 2022 compared to previous years?

What are the implications of higher oil prices on GCC issuance levels?

What is the anticipated appetite for ADNOC bonds in the current market?