Wednesday 22 October 2014
 
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Credit rating

S&P revises US credit rating

Credit rating agency Standard & Poor's has upgraded its credit outlook for the US government to "stable" from "negative," reducing the threat of a further downgrade to the country's sovereign rating.

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Moody's cuts Tunisia rating, cites political risk

Moody's Investors Service on Wednesday cut Tunisia's sovereign credit rating to Ba2, citing political uncertainty and the risk of instability as well as weak finances at government-owned banks and sizeabl

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Britain loses top-notch credit rating

  Britain's credit standing took a further blow yesterday when Fitch Ratings became the second international agency to strip the country of its top-notch credit rating.   Fitch trimmed the ratin

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Moody's cuts Egypt rating on 'unsettled' conditions

  Moody's Investors Service on Thursday downgraded Egypt's sovereign foreign currency credit rating to Caa1 form B3, citing unsettled political conditions, and said risks of a default have increased.  

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Bahrain’s $1.5bn bond oversubscribed 400pc

A $1.5 billion, 10-year bond issue launched by Bahrain's government yesterday was oversubscribed by more than 400 per cent, said a senior official of the Central Bank of Bahrain (CBB). Executive director of banking operations Shaikh Sa

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Bahrain forum probes credit rating issues

More than 200 members attended seminar on credit rating and investor relations yesterday (May 31) conducted by the Bahrain Chapter of the Institute of Chartered Accountants of India (BCICAI) The event at the Crowne Plaza hotel was addresse

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IEA cuts 2012 oil demand growth forecast

Mild weather in the northern hemisphere this winter and a rising likelihood of a sharp economic slow-down are expected to lead to lower global oil demand growth in 2012, the International Energy Agency said. In its monthly oil market repor

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EU zone faces new credit rating threat

Standard & Poor's fired a second warning shot at the euro zone in 24 hours on Tuesday, threatening to cut the credit rating of its financial rescue fund as European leaders raced to find a political solution to their sovereign debt crisis.

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Etisalat wins solid credit ratings

UAE telco Etisalat said it has won the highest credit ratings in the telecom sector across Europe, Middle East and Africa from global credit rating agencies - Standard & Poor’s (S&P), Fitch and Moody's. The company said the to

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Investors buy stocks in AAA rated countries

Investors worried about a weakening global economy have rushed to stocks of countries with higher credit quality such as Germany, Canada and Switzerland, data from EPFR Global showed on Friday. Equity funds investing in those countries pos

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