Moody's Investors Service has upgraded the ratings of Aldar Properties, an Abu Dhabi real estate company, from Ba1 to Baa3.
Concurrently, the ratings agency upgraded the rating of the $750 million Trust Certificates due in 201
The GCC insurance industry has tripled between 2006 and 2013, as insurance premiums grew from $6.4 billion to $18.4bn, according to Moody's Investors Service.
Moody's said that increasing mandatory insurance covers have al
Dubai's Emaar Properties faces a risk of oversupply in the emirate's real estate market, ratings agency Moody's said in a report on Tuesday, as the developer launches new projects and embarks on expansion of its existing assets.
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.
Moody's Investors Service said that outlook for the UAE's banking system has been changed to stable from negative.
The outlook change reflected the continued improvements in the operating environment and the ongoing recove
After a sustained period of turbulence in economic and financial markets, the global economy now looks set for somewhat greater stability over the coming years, said a Moody's report.
The Moody's Investors Service said in