GCC banks resilient to US banks’ recent distress: Moody’s  

RIYADH: Banks in the Gulf Cooperation Council region are strongly interlinked with their respective sovereigns and are unexposed to recently failed US banks, stated the global credit rating agency Moody’s. 

GCC banks’ broad franchises and large government presence across the banks’ balance sheets support their resilience, according to a recent report by Moody’s Investors Service.