Friday 18 April 2014
 
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Emaar's retail spin-off plan 'won't affect rating': S&P

Standard & 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.

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S&P upgrades Emaar corporate credit ratings

The 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

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SABB gets Fitch ratings boost

Fitch 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

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Bahrain urged to curb public debt

Bahrain 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

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Moody's upgrades Dubai Holding unit rating

Moody'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

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Moody's downgrades Bahrain rating

Moody's Investors Service today downgraded Bahrain's government issuer rating by one notch to Baa2 from Baa1, and assigned a negative outlook to the rating.    T

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ABC Islamic rating reaffirmed

The Islamic International Rating Agency (IIRA) has reaffirmed ratings assigned to ABC Islamic Bank at A+/A-1 (Single A Plus/A-One) on the national scale and A-/A-2 (Single A Minus/A-Two) on the international scale.   

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Al Hilal Bank gets ratings boost

Moody's Investors Service, a global bond credit rating business, has assigned A1/Prime-1 issuer ratings to Abu Dhabi-based Al Hilal Bank. It has also assigned a standalone bank financial strength rating (BFSR) of D, which is e

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Abu Dhabi school awarded green certificate

Cranleigh Abu Dhabi, a UK-based school, has received the Two Pearl Design Rating Certificate for the extensive energy modelling and development of operational strategies for energy, water and waste management within its premises.

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Abu Dhabi school awarded green certificate

Cranleigh Abu Dhabi, a UK-based school, has received the Two Pearl Design Rating Certificate for the extensive energy modelling and development of operational strategies for energy, water and waste management within its premises.

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