Moody’s Investors Service has affirmed National Bank of Kuwait’s (NBK) long-term global local currency (GLC) deposit rating at Aa3, the highest in the Middle East and North Africa, with a stable outlook.
Moody's Investors Service said it has affirmed a negative outlook for Egypt's banking system because of the political instability and banks' increasing exposure to the indebted government.
Yields on Egypt's interna
Moody's Investors Service has upgraded the corporate family rating (CFR) of Dubai Holding Commercial Operations Group (DHCOG) to B1 from B2 and the company's probability of default rating (PDR) to B1-PD from B2-PD.
Moody's Investors Service has announced the appointment of a dedicated insurance analytic team at its office in Dubai.
The addition of this UAE-based team follows several years of growth in Moody's Middle East Insurance fr
Moody's Investors Service on Wednesday cut Tunisia's sovereign credit rating to Ba2, citing political uncertainty and the risk of instability as well as weak finances at government-owned banks and sizeabl
Qatari lenders will maintain strong financial metrics, including low levels of non-performing loans (NPLs), robust earnings and sound capitalisation, according to a report by Moody's Investors Service.
However these positive f
The credit quality of corporates in Dubai is likely to benefit from emerging markets' growth prospects, strong oil prices and access to debt capital markets. However, the delay in addressing structural issues along with the $20 billion of di
Qatar Holding, the investment arm of Qatar's sovereign wealth fund, said it plans to seek credit ratings this year.
The fund, which has stakes in Credit Suisse, Porsche, Harrods and Xstrata among others, will apply for a ratin
The Saudi British Bank’s (SABB), an associated company of the HSBC Group, has been assigned a “Aa3 long-term deposit ratings” by Moody's Investors Service with a stable outlook.
Moody's decision to confir
International credit rating agency Moody’s Investors Service has reaffirmed bahrain-based Gulf International Bank’s (GIB) long-term and short-term foreign currency deposit ratings of A3 and P-2 respectively.