Saturday 23 August 2014
 
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Standard & Poors

S&P to face probe over French rating error

An erroneous downgrade of French sovereign credit rating by Standard & Poor's rating agency on Thursday was a very serious incident and will have to be investigated, the European Commission said. 'This is a very serious inciden

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S&P parent McGraw-Hill to split into two

McGraw-Hill, agreeing to investor demands, said on Monday it will divide itself into a markets data company that includes its Standard & Poor's ratings businesses and an education company for textbook publishing. The breakup of the min

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Dewa gets lowest investment grade rating

Dubai Electricity and Water Authority (Dewa), the monopoly state utility, has received the lowest investment grade rating of 'BBB-' from Standard & Poor's. The ratings agency said Dewa has been given the lowest investment g

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Dewa gets lowest investment grade rating

Dubai Electricity and Water Authority (Dewa), the monopoly state utility, has received the lowest investment grade rating of 'BBB-' from Standard & Poor's. The ratings agency said Dewa has been given the lowest investment g

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S&P ratings boost for GIB

Standard & Poor's Ratings Services (S&P) has affirmed Gulf International Bank's (GIB) long-term and short-term counterparty credit ratings at BBB+ and A-2 respectively and assigned a stable outlook. The bank was also removed from

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Majid Al Futtaim gets stable outlook

Standard & Poor's Ratings Services has assigned Dubai-based retail property company Majid Al Futtaim Holding (MAF Group) its 'BBB/A-2' long- and short-term corporate credit ratings with a stable outlook. The ratings agency also as

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Mena debt servicing at risk says S&P

Several sovereigns in the Middle East and North Africa could see negative ratings action in the near future and there is a risk that governments' willingness to service debt could be impacted, Standard & Poor's said on Monday.

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Shamil cancels ratings by S&P

Shamil Bank, a wholly-owned subsidiary of Ithmaar Bank, a full service investment bank, has cancelled its Standard & Poors (S&P) ratings. The S&P had on Wednesday affirmed its 'BBB-/A-3' ratings on Shamil

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BankMuscat funds receive top ratings

Standard & Poors, one of the world's foremost providers of independent credit ratings, indices, risk evaluation, investment research, data and valuations, has assigned its 'AA' (very high quality) rating to BankMuscat's Oryx Fund and 'A' (high

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