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Oil plunge slows deposit growth at Gulf banksLow oil prices are slowing or reversing deposit growth at Gulf Arab banks, but not enough to cause the liquidity squeeze that bankers fear. Deposits from governments, quasi-government bodies and national oil companies provide arou More… |
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Abu Dhabi's assets will buffer impact of oil price dropWhile the drop in oil prices will likely cause Abu Dhabi's economic growth to slow in 2015 and put an end to four consecutive years of double-digit fiscal surpluses, the emirate's sizeable stock of foreign assets will help cushion the im More… |
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Moody's downgrades 3 Lebanese banks' ratingsMoody's Investors Service recently downgraded to B2 the long-term deposit ratings of three Lebanese banks: Bank Audi, BLOM Bank and Byblos Bank. Concurrently, Moody's lowered the baseline credit assessments of the th More… |
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Financial profiles of banks to strengthen in 2015The standalone creditworthiness of banks across the globe will continue to stabilise in 2015, a report said. At the same time, the number of negative banking system outlooks has risen, primarily reflecting the potential for a decl More… |
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Bahrain and Oman ‘most affected by low oil prices’While the six sovereign states in the GCC can withstand the pressure of oil prices averaging around Moody's estimate of $80 to $85 a barrel in 2015, Bahrain and Oman's credit profiles will be the most adversely affected, a report said. More… |
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Moody's affirms DP World, Jafza stable ratingsMoody's Investors Service has affirmed the Baa3 long-term issuer rating of DP World as well as the Ba1 corporate family and Ba1-PD probability of default rating of Jebel Ali Free Zone (Jafza) with outlook on all ratings remaining stable. More… |
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Moody's affirms DP World, Jafza stable ratingsMoody's Investors Service has affirmed the Baa3 long-term issuer rating of DP World as well as the Ba1 corporate family and Ba1-PD probability of default rating of Jebel Ali Free Zone (Jafza) with outlook on all ratings remaining stable. More… |
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Moody's changes Egypt's outlook to stable from negativeMoody's Investors Service has today (October 20) changed Egypt's outlook to stable from negative and affirmed its Caa1 government bond rating. Key drivers for the outlook change to stable from negative are the stabilised p More… |
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Moody's upgrades JAFZ ratings; outlook stableMoody's Investors Service has upgraded the corporate family rating (CFR) of Jebel Ali Free Zone FZE (JAFZ) in Dubai, UAE to Ba1 from Ba2 with the outlook on all ratings remaining stable. JAFZ’s probability of default rat More… |
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Bahrain renews efforts to reduce deficitsStatements by the Bahraini government to reduce its fiscal deficit and contain the rise in debt signal a renewed determination to improve its government finances, said a report released by Moody's Investors Service. The presen More… |
