Friday 4 September 2015
 
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S&P

Majority of Mena sovereigns stable: S&P

Nine out of the 12 Mena sovereigns currently have a stable outlook despite the still-challenging political and economic backdrop, a Standard & Poor’s report said. Bahrain and Saudi Arabia have negative outlooks, while Eg

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NBK gets top credit ratings, stable outlook

Standard & Poor's Ratings Services has affirmed its 'A+/A-1' long- and short-term counterparty credit ratings on National Bank of Kuwait (NBK) with a stable outlook. In its report, Standard & Poor’s said

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S&P to pay US $1.5bn for fraud settlement

Ratings firm Standard & Poor's will pay $1.5 billion to resolve a series of lawsuits over its ratings on mortgage securities that soured in the runup to the 2008 financial crisis, the company said on Tuesday. The settlemen

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S&P revises India outlook to 'stable'

India regained its "stable" rating from Standard and Poor's yesterday, more than two years after an embarrassing downgrade, in a validation of Prime Minister Narendra Modi's ambitious agenda of economic and fiscal reforms.

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Damak appointed S&P’s global head of Islamic finance

Standard & Poor’s Ratings Services (S&P) has appointed Dr Mohamed Damak as its global head of Islamic finance. As part of his new role, Damak will be responsible for developing the next phase of growth of S&P’s I

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Leminar wins S&P distributorship for UAE, Qatar

Leminar Air Conditioning Company said it has become the sole distributor of Soler & Palau (S&P) products across the UAE and Qatar under a new deal with the top European ventilation manufacturer. A member of the Al Shirawi

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Corporate, infrastructure sukuk issuance ‘likely to rise’

Corporate and infrastructure sukuk issuance is likely to rise over the next few years, despite the dip in issues over the past eight months compared to the same period last year, said Standard & Poor's Ratings Services report.

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Adnic wins top ratings from international agencies

Abu Dhabi National Insurance Company (Adnic), a leading provider of insurance solutions for individuals and corporates, has won an A (excellent) rating with a stable outlook and an A- rating with a positive outlook from leading international age

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Basel III revision 'to boost Islamic finance industry'

The Islamic Financial Services Board’s (IFSB) revised capital requirements for Bassel III could help strengthen the Islamic finance industry, according to a recent Standard & Poor's Ratings Services report. The repor

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Forum to explore Saudi bond issuance challenges

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

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