Friday 29 August 2014
 
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fitch ratings

Fitch revises Batelco's rating outlook

Fitch Ratings has revised the outlook on Bahrain's leading telecom firm Batelco's long-term foreign currency Issuer Default Rating (IDR) to negative from stable and affirmed the IDR at 'BBB-'. Fitch has also affirm

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Saudi banks set for solid performance in 2014

Saudi banks should continue to see strong performance, with ample opportunities for lending provided by a favourable economic outlook, according to a new report. The prospects for Saudi Arabia’s economy are strong due to hig

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Fitch affirms stable rating for GIB

Fitch Ratings has affirmed Gulf International Bank's (GIB) long-term issuer default rating (IDR) at 'A' and the viability rating at 'bbb-'. The outlook on the long-term IDR is stable. GIB's ratings "re

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Fitch affirms Mumtalakat key ratings

Fitch Ratings has affirmed Bahrain Mumtalakat Holding Company's long-term issuer default rating (IDR) and senior unsecured rating at 'BBB', a report said. The agency has also affirmed Mumtalakat's short-term IDR at

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Major global ratings boost for Bahrain

Bahrain won a major vote of confidence from a top ratings agency, said a report. Fitch Ratings has affirmed Bahrain's long-term foreign currency Issuer Default Rating (IDR) at 'BBB' and local currency IDR at 'BBB+&

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GCC banks' outlook stable, says report

The rating outlook for almost all banks in the GCC region is stable largely driven by the probability of sovereign support, said a report.   Regional unrest has a negative impact on banks' rating outlooks elsewhere in the

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Fitch launches new fundamentals index

Fitch Ratings said it has launched the new fundamentals index to track changes in the strength of the US economy by monitoring the shifting credit fundamentals for key economic attributes.    The Fitch Funda

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Short leases 'limiting factor for properties'

Short-term leases and geographic and specific market segment concentration are limiting qualitative rating factors in the GCC property market, according to Fitch Ratings. The ratings agency said this in a report on property invest

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Gulf Bank gets Fitch stable outlook

Fitch Ratings has affirmed Kuwait-based Gulf Bank's long-term issuer default rating (IDR) at 'A+' with a stable outlook. The viability rating too has been upgraded to 'bb-' from 'b+'. In its comments, t

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Major Fitch rating boost for Batelco

Global rating agency Fitch Ratings has assigned Batelco's dollar notes, issued by Batelco International Finance No 1 Limited, a final rating of 'BBB-'. The notes are guaranteed by Batelco. The final rating follows a re

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