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Fitch affirms GIB's long-term ratingsFitch Ratings has affirmed Gulf International Bank's (GIB) long-term issuer default ratings (IDRs) at 'A' and the viability rating (VR) at 'bbb-'. The outlook for the long-term IDR is stable, said a report in More… |
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Key international ratings boost for Al BarakaDagong Global Credit Rating Company and Islamic International Rating Agency (IIRA) have jointly assessed the international scale credit rating of Al Baraka Banking Group (ABG) at 'BBB+/A3' (Triple B Plus / A Three). In add More… |
Al Hilal Bank’s rating upgraded by FitchAl Hilal Bank, an Abu Dhabi based Islamic bank, has announced that its viability rating (VR) has been upgraded by global rating agency Fitch Ratings. Fitch has also affirmed the long-term and short-term issuer default ratings (IDR More… |
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BMI Bank's business 'is robust and profitable'BMI Bank chief executive Jamal Al Hazeem has reiterated the bank continues to have a robust and profitable core business. "We continue to maintain an excellent capital adequacy ratio of over 15 per cent with very strong liquidity,& More… |
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Abu Dhabi Kizad wins 4-star excellence ratingKhalifa Industrial Zone Abu Dhabi (Kizad), the new industrial and logistics zone in the UAE capital situated next to the Khalifa Port, has been awarded the 4-star excellence rating by the European Foundation for Quality Management (EFQM). More… |
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Emaar's retail spin-off plan 'won't affect rating': S&PStandard & Poor's plans no rating action relating to Dubai's Emaar Properties after the emirate's largest listed developer announced plans to spin off its retail unit, an analyst covering the company said on Monday. More… |
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S&P upgrades Emaar corporate credit ratingsThe long-term corporate credit rating on Emaar Properties, a leading developer, has been upgraded by Standard & Poor’s Rating Services to ‘BBB-’ from ‘BB+’ with a stable outlook. The rating reflec More… |
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SABB gets Fitch ratings boostFitch Ratings, a leading rating agency, has affirmed the Saudi British Bank’s (SABB) long term credit rating at “A” with a stable outlook. The ratings affirmation and outlook revision reflects SABB’s financ More… |
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Bahrain urged to curb public debtBahrain must drastically curb and reduce public debt - or face a potential crisis. This warning has come in the audit report, which fears an international ratings downgrade if swift action is not taken. The National Audit Office R More… |
Moody's upgrades Dubai Holding unit ratingMoody's Investors Service has upgraded the corporate family rating (CFR) of Dubai Holding Commercial Operations Group (DHCOG) to B1 from B2 and the company's probability of default rating (PDR) to B1-PD from B2-PD. Concurr More… |
