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Sukuk issuance to reach $100bn in 2018: Moody’sGlobal sukuk issuance is expected to reach $90-$100 billion in 2018, in line with 2017 levels, says Moody's Investors Service in its new report, "Cross-Sector - Sukuk Market Outlook - H1 2018 Update”. Moody's ex More… |
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Moody’s acquires top credit training providerUS-based Moody’s Corporation, the parent company of Moody's Investors Service and Moody's Analytics, said that it has completed its acquisition of Omega Performance, a leading provider of online credit training. Mood More… |
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Profitability ‘stable for UAE’s 4 top banks in 2019’Higher net interest income and lower provisions drove profits higher for the four largest banks in the UAE in the second quarter (Q2) of 2018 with profitability likely to remain stable into 2019, Moody’s said in a new report. More… |
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ICD benefits from robust capital, liquidity: Moody’sThe Islamic Corporation for the Development of the Private Sector benefits from a robust capital position and strong liquidity, although its weak asset quality remains a challenge, said Moody’s in its annual Credit Analysis report. More… |
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Strong US dollar increases credit risks for EM fundsThe strengthening US dollar since mid-April has led to sharp currency depreciation and significant declines in foreign exchange reserves in a number of emerging and frontier market countries, increasing credit risks for those with large external More… |
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EMEA firms' liquidity stays strong in 2018: Moody’sThe liquidity of rated EMEA non-financial companies remains strong in 2018, despite ongoing geopolitical risks around currency volatility, sanctions and the perennial Brexit issue, said Moody's Investors Service in a new report. More… |
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Stable outlook for shipping firms on earnings growthThe outlook for the global shipping sector for the next 12 months remains stable on the back of expected supply-demand improvements in the dry bulk and container shipping segments and overall sector earnings growth of 4 to 5 per cent, said Moody More… |
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Moody's assigns stable outlook rating to Saudi ReMoody's Investors Service has assigned an A3 insurance financial strength rating (IFSR) to Saudi Re For Cooperative Reinsurance Company (Saudi Re). The outlook for Saudi Re is stable. Based in Saudi Arabia, Saudi Re writes rei More… |
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Dubai Islamic’s capital hike credit positive: Moody’sThe recent capital increase of Dubai Islamic Bank (DIB) is credit positive for the bank because it replenishes reserves and enhances its loss-absorption buffers after high growth during 2013-17, said Moody’s Investor Service. More… |
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Saudi banks post 7.5pc rise in Q1 net profitSaudi Arabian domestic banks in aggregate reported a 7.5 per cent year-on-year increase (18 per cent quarter-on-quarter growth) in net profit for the first quarter, mainly because of lower interest expenses and provisioning charges, said Moody&r More… |
