Moody's Investors Service recently downgraded to B2 the long-term deposit ratings of three Lebanese banks: Bank Audi, BLOM Bank and Byblos Bank.
Concurrently, Moody's lowered the baseline credit assessments of the th
Moody's Investors Service has upgraded the ratings of Aldar Properties, an Abu Dhabi real estate company, from Ba1 to Baa3.
Concurrently, the ratings agency upgraded the rating of the $750 million Trust Certificates due in 201
Islamic International Rating Agency (IIRA) has assigned international scale credit ratings to Bahrain-based Gulf Finance House (GFH) at 'BB' in the medium to long-term and at 'B' in the short-term.
On the national
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
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
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
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.
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.
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.
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).