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S&P ratings boost for Saudi ArabiaStandard & 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. More… |
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S&P reaffirms negative outlook on India ratingStandard & Poor's reiterated its negative outlook on India's credit rating, which is one notch above "junk", warning of the need to follow through on reforms and dealing a blow to a government that had recently pitched for More… |
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Turkey hails investment ratingTurkey hailed its second investment grade rating yesterday, seeing it as a seal of approval from international markets for a decade of economic reform. Investors joined in, driving sovereign bond yields to record lows. Go More… |
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NBB gets Fitch ratings boostFitch Ratings has affirmed National Bank of Bahrain's (NBB) long-term issuer default rating (IDR) at 'BBB' and viability rating (VR) at 'bbb'. The outlook on the long-term IDR is stable. The ratings agency said More… |
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Qatar Holding to seek credit ratingsQatar Holding, the investment arm of Qatar's sovereign wealth fund, said it plans to seek credit ratings this year. The fund, which has stakes in Credit Suisse, Porsche, Harrods and Xstrata among others, will apply for a ratin More… |
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GCC banks 'leading in regional acquisitions'GCC banks are becoming active buyers of stakes in banks in the Middle East and North Africa (Mena) and even farther afield, according to a report by rating agency Standard & Poor's. As acquirers in Mena, Gulf banks are tak More… |
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SABB gets stable ratings from MoodysThe Saudi British Bank’s (SABB), an associated company of the HSBC Group, has been assigned a “Aa3 long-term deposit ratings” by Moody's Investors Service with a stable outlook. Moody's decision to confir More… |
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Big ratings boost for BKICBahrain Kuwait Insurance Company (BKIC), one of the largest insurance firms operating in the kingdom, has been assigned a financial strength rating of "A- (Excellent)" and issuer credit rating of "a-" by A M Best Europe More… |
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Bahrain National Insurance gets stable outlookAM Best Europe - Rating Services Limited has assigned a financial strength rating of B++ and issuer credit rating of bbb+ to the Bahrain National Insurance company with a stable outlook, said a report. BNI is the second-largest in More… |
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Ratings boost for Gulf International BankInternational credit rating agency Moody’s Investors Service has reaffirmed bahrain-based Gulf International Bank’s (GIB) long-term and short-term foreign currency deposit ratings of A3 and P-2 respectively. GIB’ More… |
