Rating agency Standard & Poor's downgraded Saudi Arabia, Brazil Kazakhstan, Bahrain and Oman's credit ratings on Wednesday, in its second mass cut of large oil producers in almost exactly a year.
S&P cited the pres
Gulf International Bank’s (GIB) credit ratings have been recently affirmed by both international credit rating agencies Moody’s and Fitch.
Fitch affirmed GIB's long term credit rating at 'A' with a stable o
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 will give an insight into their credit rating, research and risk analysis at a major seminar being organised by the Bahrain Chapter of The Institute of Chartered Accountants of India (BCICAI) on Tuesday.
AM Best, a leading insurance and credit ratings firm, has obtained approvals to establish an office within the Dubai International Financial Centre (DIFC) in Dubai.
The new office will operate as AM Best Mena, South & Central Asia, ser
Saudi Arabia's Finance Minister Ibrahim Al Assaf said Fitch's reaffirmation of the kingdom's AA- credit rating yesterday with a stable outlook was 'excellent'.
The world's top oil exporter, which has foreign reserve
National Bank of Kuwait (NBK) has announced plans to distribute cash dividends equivalent to 40 per cent of nominal value of the share (40 fils per share) and bonus shares by 10 per cent (10 shares for every 100 shares) to the share
Ratings agencies have no plans to give the UAE or Dubai a credit rating because their governments have not asked to be rated, and their lack of transparency would make a credit assessment difficult, a senior analyst at Fitch said.
The European Union's markets watchdog launched a free online database on Thursday for investors to compare credit ratings from rival agencies as part of wider efforts to increase transparency and competition.
Britain and France clashed over credit ratings on Friday, adding to tensions that erupted over British Prime Minister David Cameron's veto of a treaty on euro zone fiscal integration.
Britain's Deputy Prime Minister Nick Clegg told French