Wednesday 3 September 2014
 
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Ratings

Aldar housing projects win UAE quality rating

Aldar Properties, a leading property development, investment and management company, said two of its national housing projects - Al Sila’a and Al Raha national housing - have won two Pearl Construction rating from Estidama Pearl Villa Rati

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Ratings boost for Solidarity Takaful unit

Solidarity General Takaful, a subsidiary of the largest takaful groups in the world, Solidarity Group Holding, was assigned financial strength rating of B++ (good) and insurer credit rating of "bbb" by AM Best, both with a stable outlo

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Emaar Malls Group gets stable outlook

Moody's Investors Service has assigned a first-time provisional (P) Baa2 issuer rating to Emaar Malls Group (EMG) with a stable outlook. EMG is a wholly-owned subsidiary of Emaar Properties (Emaar Group, Ba1 stable) and was es

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Bahrain's NBB gets key ratings boost

Credit rating agency Capital Intelligence (CI) has affirmed National Bank of Bahrain's (NBB) long and short-term foreign currency ratings at 'BBB' and 'A2', respectively, on a 'stable' outlook. The fina

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Moody's affirms Shuaa Capital ratings

Shuaa Capital, a leading financial services company in Dubai, said Moody's Investors Service has affirmed its long-term foreign and domestic currency issuer ratings of 'B1' and changed its outlook to stable from negative.

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Blow to EU zone as Dutch ratings cut

Standard & Poor's agency has cut the Netherlands' credit rating, thus reducing the euro zone club of full triple-A nations to just three, while rewarding Spain for efforts to reform its public finances. S&P lowered

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NBAD gets ratings boost on govt link

The main credit rating of National Bank of Abu Dhabi, the largest lender in the emirate, was upgraded one notch by Standard & Poor's as the agency reclassified the bank as a government-related entity (GRE).  

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Gulf International Bank gets ratings upgrade

Standard & Poors (S&P) has upgraded Gulf International Bank's (GIB) stand-alone credit profile to 'BBB' from 'BBB-' and it's rating outlook to positive from stable, said a report. GIB is owned by th

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Bahrain financial outlook stable says Fitch

Bahrain has eceived a major vote of confidence as Fitch, a leading global financial monitor, affirmed the kingdom's key ratings and stated that the outlook is stable. Fitch Ratings affirmed the kingdom's long-term foreign

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S&P cuts key Nokia ratings

Standard & Poor's downgraded Nokia further into junk territory, warning that the Finnish telecom firm's plan to take over Siemens' stake in their joint network equipment venture would strain its finances. The ratin

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