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Moody's assigns stable outlook rating to NMCMoody's Investors Service has assigned a Ba1 corporate family rating (CFR) and Ba1-PD probability of default rating to NMC Health, the largest healthcare provider in the UAE (UAE, Aa2 stable). The outlook on the ratings is stable. More… |
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Higher oil prices ‘won’t impact GCC credit profiles’The GCC countries' creditworthiness will remain driven by government responses to economic, fiscal and external challenges rather than the recent rise in oil prices, said Moody’s in a new report. "Our expectations f More… |
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Higher oil prices ‘won’t impact GCC credit profiles’The GCC countries' creditworthiness will remain driven by government responses to economic, fiscal and external challenges rather than the recent rise in oil prices, said Moody’s in a new report. "Our expectations f More… |
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Blockchain ‘could cut cross-border banking costs’Blockchain technology has the potential to significantly reduce the costs and time involved in cross-border banking transactions, increasing banks' efficiency but putting pressure on their fees and commissions, Moody's Investors Service More… |
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GCC Islamic banks to maintain improved asset qualityThe credit fundamentals of Islamic banks operating in the GCC countries have converged with those of their conventional peers and they should maintain their improved asset quality and profitability in the coming year, Moody's Investors Servi More… |
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GCC Islamic banks to maintain improved asset qualityThe credit fundamentals of Islamic banks operating in the GCC countries have converged with those of their conventional peers and they should maintain their improved asset quality and profitability in the coming year, Moody's Investors Servi More… |
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Shari’ah products to drive Islamic finance growthThe growth of the Islamic finance sector will continue to outstrip the growth of conventional assets across core Islamic finance markets in coming years, as demand for Shari'ah-compliant financial instruments rises, said Moody’s in a n More… |
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UAE insurers see profit surge on regulatory changesListed insurance companies in the UAE reported a surge in aggregate profits in 2017, as the regulatory changes introduced over the last three years helped push up prices, said Moody’s in a new report. "For many in More… |
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Interest growth boosts UAE banks profits: Moody’sStrong growth in net interest, as well as fee and commission income, helped the four largest banks in the UAE report higher net profit in the fourth quarter despite higher provisioning and operating costs, said Moody’s in a More… |
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Saudi banks’ liquidity improves in 2017: Moody’sAccording to a recent Sama bulletin, Saudi banks’ domestic liquid assets ended 2017 at a record high SR457 billion ($122 billion), despite subdued deposit growth and challenging business conditions, which Moody’s said was a credit po More… |
