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Oil drives Saudi Arabia’s fiscal deficit lower in H1Saudi 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. More… |
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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 More… |
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Moody's changes Qatari banks' outlook to negativeMoody'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 More… |
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Moody's downgrades Bahrain, Oman ratingsMoody'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 More… |
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Global industry sector outlooks positive: Moody’sThe 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 More… |
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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. More… |
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Oman rating balances assets against oil relianceOman'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 More… |
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Moody’s upgrades KHCB ratingKhaleeji Commercial Bank (KHCB), one of Bahrain’s leading Islamic banks, has announced that Moody’s, an international bond credit rating agency, has confirmed its rating of the bank’s long-term counterparty risk assessment at & More… |
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GCC banking ‘resilient to economic pressures’Moody's Investors Service's stable outlook for 2017 on the banking sectors of the Gulf Cooperation Council (GCC) reflects the rating agency's expectation of their resilience to persistent economic and funding pressures. More… |
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GCC banking ‘resilient to economic pressures’Moody's Investors Service's stable outlook for 2017 on the banking sectors of the Gulf Cooperation Council (GCC) reflects the rating agency's expectation of their resilience to persistent economic and funding pressures. More… |
