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Emirates NBD requests ratings withdrawalEmirates NBD has announced that it has requested Fitch Ratings and Moody’s Investors Service to withdraw their ratings on Dubai Bank. Following the completion of the takeover of Dubai Bank by Emirates NBD, all capital an More… |
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Asset-quality challenges seen for GCC banksThe 49 Moody’s-rated banks across the GCC are likely to continue to face structural asset-quality challenges and elevated event risks over the next credit cycle, said Moody’s Investors Service. However, the rating agency pointed out that g More… |
EMEA chemical sector gets negative outlookMoody's Investors Service holds a moderately negative outlook for EMEA chemical producers for 2008. The outlook is largely driven by company-specific considerations, but also reflects theview that top-line growth is likely to ease fro More… |
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Tamweel in $220m asset notesTamweel, the largest provider of real estate finance in the UAE, will enter into a $220 million asset-backed issuance of notes, a company official said. The senior notes, he said, are expected to be assigned a rating of Aa2 by Moody’s Inve More… |
