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NBB gets Fitch ratings boostFitch 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 More… |
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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. More… |
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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 More… |
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Sterling slides to lowest since June 2010 vs dollarSterling slipped to a fresh 2-1/2 year low against the dollar on Tuesday after dismal British manufacturing data revived fears of another recession and increased bets of more easing by the Bank of England. UK industrial output une More… |
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Fitch reaffirms France triple-A ratingFitch Ratings stuck by its triple-A rating on France in a much-awaited review yesterday but predicted a peak in debt in 2014 at a level that it said was the maximum for a country with a top-notch credit grade. Fitch is the only ag More… |
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Fitch credit rating boost for BatelcoBahrain's leading telecoms operator Batelco Group has welcomed Fitch's affirmation of company's investment grade credit rating in line with the underlying strength of its strategy, financial position and operating performance. More… |
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Batelco gets Fitch stable outlookBahrain's leading telecommunications company Batelco said Fitch Ratings has affirmed its long-term foreign currency Issuer Default Rating (IDR) at 'BBB-' with a stable outlook. The rating reflects Batelco's leading More… |
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Bahrain BMB gets Fitch stable outlookFitch Ratings has affirmed Bahrain-based BMB Investment Bank's Long-term Issuer Default Rating (IDR) at 'B-' and revised the outlook to positive from stable. It also confirmed the Viability Rating (VR) at 'b-'. More… |
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Kuwait's AA rating threatened by protestsFitch Ratings put Kuwait on warning that a further escalation of political protests there could put its AA sovereign credit rating under pressure for a downgrade despite the nation's strong balance sheet. More… |
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Dubai prime retail, hospitality well placedDubai prime retail and hospitality has been vigorous in 2012 and is well placed for 2013. However, despite some stabilisation, challenges remain for the office and residential sectors, according to a report. The performance of pri More… |
