Thursday 18 October 2018
 
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fitch ratings

Emirates Development Bank wins top Fitch rating

The Emirates Development Bank (EDB) said it has become the first fully-owned federal institution to receive a AA- rating from Fitch, thus indicating the Emirati group's financial position and credit strength. The Emirati group's

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GFH gets top Fitch ratings, stable outlook

Bahrain-based GFH Financial Group (GFH) said it has received a long-term issuer default rating (IDR) at 'B’ from international credit rating agency Fitch with a stable outlook. The short-term IDR has also been affirmed at 'B'

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DP World rating upgraded by Fitch

Fitch Ratings has upgraded DP World Limited’s Long-Term Issuer Default Rating (IDR) to BBB+ from BBB and affirmed Short-Term IDR at F2. The rating outlook is stable. This follows on Fitch’s rating upgrade in August 2016 from

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Fitch upgrades GFH rating

GFH Financial Group (GFH) announced today that Fitch Ratings, the international credit rating agency, has upgraded its long-term Issuer default rating (IDR) from 'B-' to 'B' with a positive outlook. The short-term

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S.Africa, France and 'Brexit' top 2016 rating watch list

South Africa's potential demotion to 'junk' credit status, a crunch review of France in April and the risks posed by Britain's 'Brexit' vote top the list of dates to mark on the 2016 credit rating calendar.

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Fitch revises Batelco's rating outlook

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

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Saudi banks set for solid performance in 2014

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

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Fitch affirms stable rating for GIB

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

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Fitch affirms Mumtalakat key ratings

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

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Major global ratings boost for Bahrain

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+&

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