Shuaa Capital, a leading financial services company in Dubai, said Moody's Investors Service has upgraded its long-term foreign and domestic currency issuer ratings to 'B1' and changed its outlook to stable from negative.
Standard & Poor's agency has cut the Netherlands' credit rating, thus reducing the euro zone club of full triple-A nations to just three, while rewarding Spain for efforts to reform its public finances.
The main credit rating of National Bank of Abu Dhabi, the largest lender in the emirate, was upgraded one notch by Standard & Poor's as the agency reclassified the bank as a government-related entity (GRE).
Bahrain has eceived a major vote of confidence as Fitch, a leading global financial monitor, affirmed the kingdom's key ratings and stated that the outlook is stable.
Fitch Ratings affirmed the kingdom's long-term foreign
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.
Fitch Ratings has affirmed National Bank of Kuwait's (NBK) long-term Issuer Default Rating (IDR) at ‘AA-’ with a stable outlook.
The ratings reflect NBK's dominant domestic franchise and significant internation
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.
Standard & 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
Turkey 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.