Saudi Arabia's capital market regulator will introduce rules for credit rating agencies next September, part of reforms aimed at modernising the financial sector of the world's top oil exporter.
The rules, which outline th
Credit rating agency Fitch has downgraded Portugal saying the debt-laden country needed a bailout, while rival agency S&P cut Ireland's rating after bank stress tests revealed another black hole.
Despite a successful Portugues
Capital Intelligence (CI), the international credit rating agency, has issued Emirates NBD, foreign currency ratings of A+ long-term, A1 short-term and a financial strength rating of A with a support of 1. All ratings carry a Stable outlook.