Fitch Ratings has revised the outlook on Bahrain's leading telecom firm Batelco's long-term foreign currency Issuer Default Rating (IDR) to negative from stable and affirmed the IDR at 'BBB-'.
Fitch has also affirm
Saudi banks should continue to see strong performance, with ample opportunities for lending provided by a favourable economic outlook, according to a new report.
The prospects for Saudi Arabia’s economy are strong due to hig
Fitch Ratings has affirmed Gulf International Bank's (GIB) long-term issuer default rating (IDR) at 'A' and the viability rating at 'bbb-'. The outlook on the long-term IDR is stable.
GIB's ratings "re
Fitch Ratings has affirmed Bahrain Mumtalakat Holding Company's long-term issuer default rating (IDR) and senior unsecured rating at 'BBB', a report said.
The agency has also affirmed Mumtalakat's short-term IDR at
Bahrain won a major vote of confidence from a top ratings agency, said a report.
Fitch Ratings has affirmed Bahrain's long-term foreign currency Issuer Default Rating (IDR) at 'BBB' and local currency IDR at 'BBB+&
The rating outlook for almost all banks in the GCC region is stable largely driven by the probability of sovereign support, said a report.
Regional unrest has a negative impact on banks' rating outlooks elsewhere in the
Fitch Ratings said it has launched the new fundamentals index to track changes in the strength of the US economy by monitoring the shifting credit fundamentals for key economic attributes.
The Fitch Funda
Short-term leases and geographic and specific market segment concentration are limiting qualitative rating factors in the GCC property market, according to Fitch Ratings.
The ratings agency said this in a report on property invest
Fitch Ratings has affirmed Kuwait-based Gulf Bank's long-term issuer default rating (IDR) at 'A+' with a stable outlook. The viability rating too has been upgraded to 'bb-' from 'b+'.
In its comments, t
Global rating agency Fitch Ratings has assigned Batelco's dollar notes, issued by Batelco International Finance No 1 Limited, a final rating of 'BBB-'.
The notes are guaranteed by Batelco. The final rating follows a re