Friday 17 November 2017
 
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Ratings

Abu Dhabi's GDP set to hit $231bn in 2017

Standard & Poor’s has forecast Abu Dhabi GDP to rise to Dh850 billion ($231.3 billion) and Dh890 billion ($242 billion) at current prices in 2017 and 2018 respectively, attributing the growth to the momentum witnessed by the oil and no

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Moody's cuts nine Qatari banks' long-term ratings

Moody's Investors Service has downgraded the long-term ratings of nine banks in Qatar from stable to negative. The ratings agency also affirmed the banks' baseline credit assessments (BCA), adjusted BCAs and Counterparty Risk Assessments

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Moody's cuts nine Qatari banks' long-term ratings

Moody's Investors Service has downgraded the long-term ratings of nine banks in Qatar from stable to negative. The ratings agency also affirmed the banks' baseline credit assessments (BCA), adjusted BCAs and Counterparty Risk Assessments

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Links Group rated A by Dubai SME Rate Framework

UAE-based Links Group, a leading provider of commercial facilitation and advisory services, has been given an ‘A’ rating by the SME RATE Framework. An initiative of Dubai SME, the Framework is the first rating system f

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Aldar Properties gets key ratings upgrade

Moody's Investors Service has upgraded the issuer rating of Aldar Properties, one of Abu Dhabi's leading real estate companies, to Baa2 from Baa3 with a stable outlook on all ratings. Concurrently, Moody's upgraded to

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S&P affirms Abu Dhabi ratings; outlook stable

S&P Global Ratings has affirmed its 'AA' long-term and 'A-1+' short-term foreign and local currency sovereign credit ratings on the UAE Emirate of Abu Dhabi. The outlook is stable, it said. The r

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S&P affirms SNIC ratings

Standard & Poor’s (S&P) has affirmed its ‘BBB’ insurer financial strength and counterparty credit ratings for Bahrain-based Saudi National Insurance Company (SNIC) while the outlook was revised from stable to negative,

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S&P affirms NBK’s ratings, outlook stable

Standard & Poor’s, the international credit rating agency, affirmed the long-term credit ratings of National Bank of Kuwait (NBK) at A+, with all ratings carrying a stable outlook. “Our outlook on NBK is stable, re

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Dar Al Arkan gets key ratings downgrade

Moody's Investors Service has downgraded the corporate family rating of Dar Al Arkan Real Estate Development Company (Daar) to B1 from Ba3 and the company's probability of default rating (PDR) to B1-PD from Ba3-PD. The out

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S&P may cut oil countries' ratings to reflect 'new reality'

Credit rating agency Standard & Poor's signalled on Friday that oil-exporting countries face fresh downgrades as crude prices fall further and that it could repeat last year's move when it made a big group of cuts all at once.

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