Standard & Poor's has warned Britain that worse-than-expected economic growth or slow progress in fixing its budget deficit could cost the country its top-notch credit rating.
S&P affirmed the UK's AAA sovereign cr
Standard & Poor's (S&P) has affirmed Bahrain-based Gulf International Bank's (GIB) long-term and short-term counterparty credit ratings at BBB+ and A-2 respectively with a stable outlook.
S&P said in its report that the
Standard & Poor's Ratings Services said the ongoing political tensions in Bahrain (BBB/Watch Neg/A-3) and Oman (A/Watch Neg/A-1) remain a significant issue for the credit standing of both sovereigns.
This is despite the Gulf Co-operati
Standard & Poor’s has revised the credit ratings of Dubai Islamic Insurance and Reinsurance Company (Aman) from negative to stable with an affirmative ‘BBB’ long-term counterparty credit and insurer financial strength ratings.
Standard & Poor's rating agency has downgraded Dubai's Jebel Ali Free Zone's (Jafza) credit rating on Monday, citing uncertainty over its role in the debt restructuring of its parent company, Dubai World.
Standard & Poor's (S&P) has affirmed Gulf International Bank’s BBB+ long-term counterparty credit rating with a stable outlook. It has also affirmed the bank’s A-2 short-term counterparty credit rating.
Bahrain-based GIB i
DIFC Investments, part of the group which operates Dubai's tax-free business hub, has begun a $1 billion-plus restructuring plan to divest non-core investments by the end of 2011, ratings agency Standard & Poor's said on Monday.
Some investment companies in the Gulf will likely find it difficult to pursue their operations without dramatic changes in the wake of the global financial downturn, said Standard & Poor's Ratings Services.
"The main reasons behind thi