Saturday 25 October 2014
 
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Fitch

Rating firms buy into euro zone recovery story

Ratings agencies gave a broadly upbeat assessment of the euro zone's creditworthiness yesterday, contrasting sharply with reviews of recent years and reflecting growing confidence in the region's fiscal and economic recovery. On

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Turkey growth forecasts cut over waning investor trust

Ratings agency Fitch cut its growth forecasts for Turkey for 2014 and 2015 on Friday, citing slower domestic lending growth and signs that consumer and investor confidence are moderating. It now sees the economy expanding by 2.5 p

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SABB gets Fitch ratings boost

Fitch Ratings, a leading rating agency, has affirmed the Saudi British Bank’s (SABB) long term credit rating at “A” with a stable outlook. The ratings affirmation and outlook revision reflects SABB’s financ

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NBAD, NBK top safest banks' list

National Bank of Abu Dhabi (NBAD) and National Bank of Kuwait (NBK) have been ranked as the world’s safest banks for 2013 by Global Finance magazine from the Middle East and Africa region. The others in the Top 10 list include Qat

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Fitch affirms GIC rating with stable outlook

Fitch Ratings has affirmed Gulf Investment Corporation's (GIC) long-term Issuer Default Rating (IDR) at 'BBB' with a stable outlook, a report said. Fitch has also upgraded the Viability Rating (VR) to 'bb' from

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DP World gets Fitch stable outlook

DP World, the world's third-largest port operator, said Fitch Ratings has affirmed its long-term Issuer Default Rating (IDR) at 'BBB-' with a stable outlook. Fitch has also affirmed the senior unsecured rating at 'BBB-&#

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NBK gets Fitch ratings boost

Fitch Ratings has affirmed National Bank of Kuwait's (NBK) long-term Issuer Default Rating (IDR) at ‘AA-’ with a stable outlook. The ratings reflect NBK's dominant domestic franchise and significant internation

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NBB gets Fitch ratings boost

Fitch Ratings has affirmed National Bank of Bahrain's (NBB) long-term issuer default rating (IDR) at 'BBB' and viability rating (VR) at 'bbb'. The outlook on the long-term IDR is stable. The ratings agency said

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Fitch revises Saudi outlook to 'positive'

  Fitch rating agency has affirmed Saudi Arabia's AA-minus rating but said the country could see an upgrade in coming months because of progress in handling social stressors and strengthened budget buffers.  

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GCC banks 'plan to issue subordinated debt'

Banks in the GCC region are looking to issue subordinated debt in the international markets, thanks to the sovereign support for these lenders which remains sufficiently strong, according to Fitch Ratings. Fitch's ratings for

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