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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… |
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Moody's establishes office in RiyadhMoody's Investors Service has established an office in Riyadh, Saudi Arabia, expanding the company’s global outreach and deepening its role in the kingdom’s debt capital markets. Moody’s first rated the Gover More… |
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Saudi Arabia's stable outlook reflects strong fiscalsSaudi Arabia's (A1 stable) credit strengths include a strong fiscal position; substantial external liquidity buffers; a large stock of proved oil reserves combined with low extraction costs; and prudent financial system regulation, said Mood More… |
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Moody's assigns stable outlook rating to NMCMoody's Investors Service has assigned a Ba1 corporate family rating (CFR) and Ba1-PD probability of default rating to NMC Health, the largest healthcare provider in the UAE (UAE, Aa2 stable). The outlook on the ratings is stable. More… |
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Higher oil prices ‘won’t impact GCC credit profiles’The GCC countries' creditworthiness will remain driven by government responses to economic, fiscal and external challenges rather than the recent rise in oil prices, said Moody’s in a new report. "Our expectations f More… |
