Monday 20 November 2017
 
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Moody’s

Global GDP to see 3.2pc growth in 2018: Moody’s

Global GDP is estimated to grow at of 3.2 per cent in 2018 and 3.1 per cent in 2019, similar to 2017 and up from the 2.5 per cent growth achieved in 2016, Moody's Investors Service said in its 2018 cross sector credit conditions outlook.

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Outlook for global sovereigns stable: Moody’s

The outlook for sovereign creditworthiness in 2018 is stable overall, with the healthy growth and synchronized global economic expansion of 2017 likely to continue into 2018, said Moody's Investors Service in a new report. &qu

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Omantel rating on review for downgrade, says Moody’s

Moody's Investors Service has today placed the Baa2 long-term issuer rating of Oman Telecommunications Company (Omantel) on review for downgrade. The decision to place the rating on review for downgrade was prompted by the ann

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Renewables 'on track for major role in energy policy'

As more countries shift to renewable procurement through auctions and shift from reliance on subsidies, renewables will continue to transition from being a marginal supplement to a central focus of national energy policies, said Moody’s In

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Renewable cost declines prompt surge in growth

As more countries shift to renewable procurement through auctions and shift from reliance on subsidies, renewables will continue to transition from being a marginal supplement to a central focus of national energy policies, said Moody’s In

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Large UAE banks set to post solid profitability: Moody’s

Profitability at the four largest UAE banks will remain solid in the next 12 to 18 months underpinned by solid interest income, despite pressure on fee and commission income, said Moody's Investors Service in a new report. The

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Oil drives Saudi Arabia’s fiscal deficit lower in H1

Saudi Arabia’s budget deficit, which fell to SR72 billion ($19 billion) in the first six months of the year, half of the first-half 2016 deficit, reflects a sharp increase in oil revenues from higher oil prices, Moody’s said.

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Top Saudi banks ‘under pressure to protect profits’

Large Saudi banks will protect their profits despite a tough business climate, said Moody’s in a new report, highlighting that lower government could dampen credit demand and weaken corporate and consumer borrowers' ability to repay de

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Moody's changes Qatari banks' outlook to negative

Moody's Investors Service has changed the outlook on Qatar's banking system to negative from stable due to the weakening operating conditions and continued funding pressures facing Qatari banks. Moody's report, "B

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Moody's downgrades Bahrain, Oman ratings

Moody's Investors Service has downgraded Bahrain's long-term issuer rating to B1 from Ba2 and maintained the negative outlook and Oman's long-term issuer and senior unsecured bond ratings to Baa2 from Baa1 and changed the outlook to

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