Sunday 11 December 2016
 
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Fitch

Fitch upgrades DP World rating

Fitch Ratings recently upgraded global maritime operator DP World’s long-term Issuer Default Rating (IDR) to BBB from BBB- and its short-term IDR to F2 from F3. The rating outlook is stable. The upgrade follows on the Fitch

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Fitch keeps Turkey at investment grade; outlook negative

Ratings agency Fitch has affirmed its sovereign rating on Turkey at 'BBB-', the lowest investment grade, but lowered its outlook to negative from stable in a review after last month's attempted military coup. Investors

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Moody's, Fitch affirm GIB credit ratings

Gulf International Bank’s (GIB) credit ratings have been recently affirmed by both international credit rating agencies Moody’s and Fitch. Fitch affirmed GIB's long term credit rating at 'A' with a stable o

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Mideast/Africa vulnerable to downgrades: Fitch

Emerging markets face another wave of ratings downgrades next year, with the Africa/Middle East region potentially given a 'negative outlook' and Brazil at risk of a cut to junk, Fitch Ratings' top sovereign analyst said in an interv

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Boost for Bahraini banks as Fitch affirms ratings

Fitch Ratings has affirmed National Bank of Bahrain’s (NBB), Bank of Bahrain and Kuwait’s (BBK) and Arab Banking Corporation’s (ABC) long-term issuer default ratings (IDRs) at ‘BBB-’. Fitch has also affirmed Ahli

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GFH gets key Fitch ratings boost

GFH Financial Group (GFH), the Bahrain based Islamic financial group, said it has received a long-term Issuer Default Rating (IDR) at 'B-' with a stable outlook from international credit rating agency Fitch. Fitch has prim

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GCC will stick to currency dollar pegs: Fitch

Gulf countries' currency pegs to the dollar are under pressure from low oil prices and a stronger dollar but there is no chance of them being abolished, ratings agency Fitch said on Tuesday. Oil exporters in the region includi

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Fitch Learning, BIBF to launch credit analysis course

Fitch Learning is partnering with Bahrain Institute of Banking and Finance (BIBF) to launch the region’s first advanced Corporate Credit Analysis programme. Scheduled to be held from December 6 to 8 at BIBF’s campus in Juffair, the

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Fitch revises Saudi IRD ratings to 'negative'

Fitch Ratings has revised the outlooks on Saudi Arabia's long-term foreign and local currency issuer default ratings (IDR) to negative from stable citing lower oil prices and higher state spending associated with the accession of a new king

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Bahrain construction sector to grow at 3.6pc

Real growth in Bahrain’s construction industry is on track to average 3.6 per cent up to 2018, buoyed by government investment in infrastructure and social housing, a report said. This is an improved outlook on a year ago, a

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