Sunday 20 April 2014
 
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Ratings

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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NBK gets Fitch ratings boost

Fitch Ratings has affirmed National Bank of Kuwait's (NBK) long-term Issuer Default Rating (IDR) at ‘AA-’ with a stable outlook. The ratings reflect NBK's dominant domestic franchise and significant internation

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S&P ratings boost for Saudi Arabia

Standard & Poor's (S&P) has revised its outlook on the long-term sovereign credit ratings on Saudi Arabia to positive from stable owing to its view that the Kingdom's economy expanded strongly and steadily during 2005-2012.

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S&P reaffirms negative outlook on India rating

Standard & Poor's reiterated its negative outlook on India's credit rating, which is one notch above "junk", warning of the need to follow through on reforms and dealing a blow to a government that had recently pitched for

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Turkey hails investment rating

Turkey hailed its second investment grade rating yesterday, seeing it as a seal of approval from international markets for a decade of economic reform. Investors joined in, driving sovereign bond yields to record lows. Go

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