Moody's has changed to positive from stable its outlook on the global integrated oil and gas sector, based on the continuing strength in the financial performance of oil companies.
In its new Industry Outlook update for the integrated
Moody's Investors Service has downgraded by one notch to B2 from B1 the long-term foreign and local currency issuer ratings of Jebel Ali Free Zone (Jafz).
The agency has also converted the ratings into a corporate family rating (CFR) a
Moody's Investors Service has downgraded the ratings of five Egyptian banks - National Bank of Egypt, Banque Misr, Banque du Caire, Commercial International Bank and Bank of Alexandria.
The ratings on the five banks remain under review
Moody's Investors Service has downgraded Egypt's government bond ratings to Ba2 from Ba1 and has changed the outlook to negative from stable.
'Today's rating action was prompted by the recent significant rise in political e
Moody's has changed the direction of the ongoing review of the ratings of Aldar Properties to direction uncertain, having previously had the ratings on review for possible downgrade.
The affected ratings are Aldar's Ba3 Corporate F
Moody's Investors Service has assigned a (P) A1 senior unsecured rating to the proposed issue of senior unsecured bonds by Sabic Capital. The outlook for the rating is stable.
Sabic Capital is an indirect wholly-owned subsidiary of Sau
Moody's has confirmed the Ba2 issuer and Sukuk ratings of Dubai Electricity & Water Authority (Dewa) with a stable outlook and has taken them off review for downgrade.
This follows Dewa's recent successful negotiation of the te
Moody's Investors Service has placed on review for possible downgrade of the long-term deposit rating and bank financial strength rating (BFSR) of four Kuwaiti banks.
The banks include National Bank of Kuwait at Aa2/B-, Commercial Bank