Investors tapping GCC over low borrowing costsCorporate and infrastructure issuers in the Gulf region are benefitting from sustained positive macroeconomic fundamentals, according to a Standard & Poor's report. The report titled "Record Low Borrowing Costs Are Bo More… |
Economic growth, capitalisation ‘driving Gulf banks’Gulf banks will likely continue their steady recovery from the global financial crisis this year, aided by healthy economic growth in the GCC and still high oil prices, said a new report released by Standard & Poor’s (S&P). More… |
S&P sees strong years ahead for sukukWith global issuance of sukuk expanding for the fourth year in a row in 2012 by 64 per cent to about $138 billion, the sukuk market can expect another few strong years, said a report released by Standard & Poor’s (S&P). More… |
Global sukuk issuance to top $100bn in 2013The value of new sukuk (Islamic bond) issuance worldwide will once again surge to more than $100 billion this year with GCC issuers dominating the market with bigger issues, said a report. The sovereign and sovereign-related issua More… |
S&P ratings boost for Bahrain economyCredit rating agency Standard & Poor’s (S&P) has revised Bahrain's outlook from negative to stable after the Kingdom successfully emerged from its 2011 crisis. The ratings agency also affirmed its long- and short-term More… |
Saudi National Insurance gets stable outlookStandard & Poor's has reaffirmed Saudi National Insurance Company's (SNIC) long-term counter-party credit and insurer financial strength rating of BBB with a stable outlook, reflecting the company's strong capitalisation and cons More… |
Dewa gets ratings boost from S&PDubai Electricity and Water Authority's (Dewa) received a major boost from Standard & Poor's which raised the utility firm's ratings to 'BBB' on improved financial performance with a stable outlook. The US More… |
GCC-Asia sukuk, a trend in right directionThe issuing of several recent corporate and infrastructure sukuk in Malaysian ringgit by companies in the Gulf may signal the start of a trend that could help develop and globalise the market, a report said. More… |
Emirates NBD funds get top ratingEmirates NBD Asset Management, has announced that its Emirates Mena fixed income fund and Emirates global sukuk fund have been awarded a silver grading by Standard and Poor’s (S&P) Capital IQ Fund Services. The Emirates More… |
S&P assigns AA rating to Qatar sukukStandard & Poor's (S&P) Ratings Services has assigned 'AA' issue credit ratings to the proposed US dollar Sukuk Trust Certificates to be issued by state-owned SoQ Sukuk A QSC, a special purpose vehicle (SPV). “We believe the reason More… |








