The opportunities and challenges facing conventional and Islamic bond issuance in Saudi Arabia will be discussed at a forum to be held in Riyadh tomorrow (April 1).
The forum, hosted by Standard & Poor&rsqu
Standard & Poor's plans no rating action relating to Dubai's Emaar Properties after the emirate's largest listed developer announced plans to spin off its retail unit, an analyst covering the company said on Monday.
Saudi Arabia has been ranked 14th among low-risk credit markets on a list of 76 countries published by a global ratings agency, which would help attract more foreign investors, said a top economist.
The kingdom holds 15th position
Sharjah's credit ratings received a major boost when two leading international rating agencies Moody’s and Standard & Poor’s (S&P) affirmed long-term ratings on the emirate with a stable outlook.
Islamic banks are likely to grow faster than their conventional counterparts and increase their share of GCC banking system assets for the foreseeable future, said a report.
But profitability rates for the two banking models are c
Standard & Poor's downgraded Nokia further into junk territory, warning that the Finnish telecom firm's plan to take over Siemens' stake in their joint network equipment venture would strain its finances.
Standard & Poor's (S&P) has revised its outlook on the long-term sovereign credit ratings on Saudi Arabia to positive from stable owing to its view that the Kingdom's economy expanded strongly and steadily during 2005-2012.
Corporate and infrastructure issuers in the Gulf region are benefitting from sustained positive macroeconomic fundamentals, according to a Standard & Poor's report.
The report titled "Record Low Borrowing Costs Are Bo