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S&P warns Britain over credit ratingStandard & Poor's has warned Britain that worse-than-expected economic growth or slow progress in fixing its budget deficit could cost the country its top-notch credit rating. S&P affirmed the UK's AAA sovereign cr More… |
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Takaful firm secures stable outlook ratingBahrain-based Takaful International Company (TIC) has secured a stable outlook projection, along with a 'B++' strength rating from ratings agency A M Best. The insurance firm said A M Best had endorsed the restoration of T More… |
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Fitch revises Saudi outlook to 'positive'Fitch rating agency has affirmed Saudi Arabia's AA-minus rating but said the country could see an upgrade in coming months because of progress in handling social stressors and strengthened budget buffers. More… |
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Sterling hits 2-1/2 year low vs dollar on rating cutSterling hit a two-and-a-half year low against the dollar and a 16-month trough against the euro on Monday after ratings agency Moody's stripped the UK of one of its prized triple-A ratings, rounding off a week of woe for the currency. More… |
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Moody's cuts Egypt rating, cites unrestRatings agency Moody's cut Egypt's credit rating, citing doubts about its ability to secure International Monetary Fund support and the economic impact of a new round of political unrest. More… |
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S&P cuts Egypt rating on political strifeStandard & Poors' cut Egypt's long-term credit rating on Monday and said another cut was possible if political turbulence worsened, undermining the country's ability to make hard choices on public finances. The age More… |
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Fitch reaffirms France triple-A ratingFitch Ratings stuck by its triple-A rating on France in a much-awaited review yesterday but predicted a peak in debt in 2014 at a level that it said was the maximum for a country with a top-notch credit grade. Fitch is the only ag More… |
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Fitch credit rating boost for BatelcoBahrain's leading telecoms operator Batelco Group has welcomed Fitch's affirmation of company's investment grade credit rating in line with the underlying strength of its strategy, financial position and operating performance. More… |
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S&P affirms Abu Dhabi ratings; outlook stableStandard & Poor's Ratings Services has affirmed its 'AA/A-1+' long- and short-term sovereign credit ratings on Abu Dhabi. The outlook for the emirate is stable, it said. The rati More… |
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Kuwait's AA rating threatened by protestsFitch Ratings put Kuwait on warning that a further escalation of political protests there could put its AA sovereign credit rating under pressure for a downgrade despite the nation's strong balance sheet. More… |
