Ratings agency Standard and Poor's has lowered its economic growth forecasts for the euro zone, but said the shared currency bloc was not headed toward a new recession.
Public and private institutions have been scrambling to revise dow
Credit ratings agency Standard & Poor's has cast new uncertainty over euro zone efforts to rescue debt-crippled Greece by warning it would treat a French bank plan for a rollover of privately-held debt as a default.
The threat ended a
Standard & Poor's rating agency has downgraded Dubai's Jebel Ali Free Zone's (Jafza) credit rating on Monday, citing uncertainty over its role in the debt restructuring of its parent company, Dubai World.
Bahrain's sovereign wealth fund (SWF) Mumtalakat plans to choose a rating agency before the end of the year, its chief executive said on Wednesday of the move that would pave the way for the fund to access capital markets.
This would make