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DIB ratings receives Moody’s affirmationDubai Islamic Bank Group (DIB) has announced that its long term issuer ratings have been affirmed by Moody’s at Baa1. The bank ratings, put on a review late last year when Moody’s took action on all major Dubai-based b More… |
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Sterling hits 2-1/2 year low vs dollar on rating cutSterling hit a two-and-a-half year low against the dollar and a 16-month trough against the euro on Monday after ratings agency Moody's stripped the UK of one of its prized triple-A ratings, rounding off a week of woe for the currency. More… |
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Olympics: Moody's sees short-term boost for UKThe Olympic Games in London this summer will likely provide only a temporary boost to corporate earnings, credit ratings agency Moody's said on Tuesday. Britain, which went back into recession at the start of More… |
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Moody's downgrades Shuaa with negative outlookMoody's Investors Service has downgraded the long-term foreign and domestic currency issuer ratings of Dubai-based bank Shuaa Capital by one notch to B1 from Ba3 and assigned negative outlook to the ratings. The non prime short-term rating More… |
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ME insurer ratings 'to stay constrained'The ratings of insurers in the Middle East will remain constrained over the next 12 to 18 months, due to the concentrated and highly correlated investments in the local real-estate and equity markets, a Moody's Investors Service report said. More… |
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Moody's downgrades Shuaa CapitalMoody's Investors Service has downgraded the long term foreign and local currency issuer ratings of Shuaa Capital by one notch to Ba3 from Ba2 and placed them on review for further downgrade. The non-prime short term ratings are affirmed. More… |
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Fiscal surpluses ‘driving Kuwait bonds’Structural fiscal and current account surpluses are the main drivers behind Kuwait's Aa2 government bond ratings and its stable outlook, said a credit report on Kuwait published by Moody's. A gradual improvement in the Kuwaiti government's More… |
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NBK rating 'reflects its strength'The National Bank of Kuwait’s (NBK) financial strength rating reflects the bank’s dominant position in its domestic market, strong financial metrics, resilient asset quality, and good capitalisation levels, a report from Moody’s showed. Th More… |
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Dubai still faces refinancing risks: Moody'sDubai, which has restructured $41 billion of debt related to its flagship conglomerate and has about $10 billion due next year, faces refinancing risks related to some upcoming maturities, ratings agency Moody's said on Tuesday. The e More… |
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Moody's assigns stable rating to Qatar bondsMoody's Investors Service has assigned an Aa2 rating to the Qatari government's global bond offering consisting of three tranches: $2 bond due in January 2017, $2 bond due in January 2022, US$1 bond due in January 2042. The Aa2 rating for More… |
