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
Bahrain is stepping up efforts to bolster its international credit ratings and revitalise the national economy.
The Cabinet yesterday approved a string of measures to promote Bahrain's standing and address economic developments issues.
Capital Intelligence has reaffirmed all credit ratings of National Bank of Bahrain (NBB) after reviewing its strong and consistent performance in the recent difficult market conditions.
NBB's Long-term Foreign Currency rating has been