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Moody upgrades DP World’s ratingMoody's Investors Service has upgraded the long-term issuer rating of DP World Limited (DPW) to Baa1 from Baa2. The outlook on all ratings is stable. Rehan Akbar, Moody's vice president - senior analyst, said: “Our d More… |
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DP World ‘long-term issuer rating’ upgradedDubai-based global marine terminal operator DP World (DPW) has announced that Moody's Investors Service has upgraded its long-term issuer rating to Baa2 from Baa3 and the long-term issuer rating of Jebel Ali Free Zone FZE (JAFZ) to Baa2 from More… |
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Moody's cuts oil price estimates as supply glut continuesMoody's Investors Service has reduced its price estimates for Brent crude and West Texas Intermediate crude amid continued oversupply in the oil markets and the risk of additional supply from Iran. It has l More… |
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Moody's to host banking, Islamic finance event in BahrainMoody's Investors Service is set to host its first Banking and Islamic Finance Workshop in Bahrain on September 2. It will focus on Bahrain's banking sector amid low oil prices and global headwinds, sai More… |
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Oman's banking system outlook ‘stable’Oman’s banking system outlook remains stable, said a Moody’s Investors Service report. The stable outlook primarily reflects the rating agency’s expectations of stable macroeconomic conditions that will support l More… |
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Saudi Arabian banking system stable: Moody’sThe outlook for the Saudi Arabian banking system is stable, said Moody's Investors Service in a report. The outlook, which has been stable since September 2009, reflects the benign operating environment, continued low problem More… |
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Al Hilal Bank gets ratings boostMoody's Investors Service, a global bond credit rating business, has assigned A1/Prime-1 issuer ratings to Abu Dhabi-based Al Hilal Bank. It has also assigned a standalone bank financial strength rating (BFSR) of D, which is e More… |
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Moody's downgrades GIC ratingsMoody's Investors Services has changed outlook on all of Gulf Investment Corporation (GIC) ratings to negative from stable reflecting the enduring pressures on its performance in light of the prevailing international market conditions. More… |
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Gulf banks outlook 'darker but stable'The ratings outlook for Gulf Arab banks has darkened with the credit crisis but remains stable with the exception of Dubai, where the outlook is more negative due to real estate exposure, Moody's said on Tuesday. Gulf Arab banks face s More… |
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Saudi banks well placed says Moody'sThe credit outlook for the Saudi banking system is positive, reflecting the banks' good positioning and ability to benefit from the country's robust economic performance, says Moody's Investors Service report. In its latest 'Banking System More… |
