Monday 23 October 2017
 
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Moody’s

Renewables 'on track for major role in energy policy'

As more countries shift to renewable procurement through auctions and shift from reliance on subsidies, renewables will continue to transition from being a marginal supplement to a central focus of national energy policies, said Moody’s In

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Renewable cost declines prompt surge in growth

As more countries shift to renewable procurement through auctions and shift from reliance on subsidies, renewables will continue to transition from being a marginal supplement to a central focus of national energy policies, said Moody’s In

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Large UAE banks set to post solid profitability: Moody’s

Profitability at the four largest UAE banks will remain solid in the next 12 to 18 months underpinned by solid interest income, despite pressure on fee and commission income, said Moody's Investors Service in a new report. The

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Oil drives Saudi Arabia’s fiscal deficit lower in H1

Saudi Arabia’s budget deficit, which fell to SR72 billion ($19 billion) in the first six months of the year, half of the first-half 2016 deficit, reflects a sharp increase in oil revenues from higher oil prices, Moody’s said.

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Top Saudi banks ‘under pressure to protect profits’

Large Saudi banks will protect their profits despite a tough business climate, said Moody’s in a new report, highlighting that lower government could dampen credit demand and weaken corporate and consumer borrowers' ability to repay de

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Moody's changes Qatari banks' outlook to negative

Moody's Investors Service has changed the outlook on Qatar's banking system to negative from stable due to the weakening operating conditions and continued funding pressures facing Qatari banks. Moody's report, "B

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Moody's downgrades Bahrain, Oman ratings

Moody's Investors Service has downgraded Bahrain's long-term issuer rating to B1 from Ba2 and maintained the negative outlook and Oman's long-term issuer and senior unsecured bond ratings to Baa2 from Baa1 and changed the outlook to

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Global industry sector outlooks positive: Moody’s

The industry sector outlook is again positively biased as the global economy continues to gradually pick up speed, with steady growth looking increasingly sustainable., Moody's Investors Service said in a new report. Neverthel

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Bahrain's credit rating ‘backed by wealth values’

Bahrain's Ba2 credit rating with a negative outlook is supported by the country's high wealth levels, a diversified economy and the positive net international investment position, Moody's Investors Service said in a report.

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Oman rating balances assets against oil reliance

Oman's Baa1 rating with a stable outlook reflects its high wealth levels and a still comparatively strong government balance sheet, balanced against credit challenges, including its heavy reliance on the oil and gas sector, Moody's Inves

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