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S&P affirms positive credit rating, outlook for SharjahThe global credit ratings agency Standard & Poor’s (S&P) has recently reaffirmed the positive outlook of Sharjah’s economy, granting it ‘stable’ sovereign credit rating of BBB + / A-2in terms of local and foreign More… |
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A M Best upgrades credit ratings of Dubai InsuranceA M Best, a top insurance rating and information source, has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” from “bbb+” of Dubai Insurance Company ( More… |
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S&P Global downgrades Qatar's credit ratingS&P Global, the international ratings agency, reduced Qatar’s credit rating to AA- from AA on Wednesday in the latest fallout from the decision by a group of Middle Eastern countries to cut diplomatic and trade ties, media reports said More… |
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Bahrain's credit rating ‘backed by wealth values’Bahrain's Ba2 credit rating with a negative outlook is supported by the country's high wealth levels, a diversified economy and the positive net international investment position, Moody's Investors Service said in a report. More… |
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Oman rating balances assets against oil relianceOman's Baa1 rating with a stable outlook reflects its high wealth levels and a still comparatively strong government balance sheet, balanced against credit challenges, including its heavy reliance on the oil and gas sector, Moody's Inves More… |
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S&P cuts Oman credit rating as budget deficit widensCredit rating agency Standard & Poor's has downgraded Oman's sovereign debt in a sign of growing pressure on the finances of some Gulf Arab oil exporters. "We project that a period of sustained low oil prices will More… |
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C40 launches city credit rating to fund projectsThe C40 Cities Climate Leadership Group (C40) and the Children's Investment Fund Foundation (CIFF) launched a new Creditworthiness Network to help selected cities achieve a credit rating in order to finance climate-related projects. More… |
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Saudi Arabia’s succession reshuffle is credit positiveSaudi Arabia’s cabinet reshuffle, occurring so soon after King Salman’s smooth succession to the throne in January, is credit positive amid the economic and security challenges facing the kingdom, a Moody’s report said. More… |
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Iraq seeks credit rating before $5bn bond issueIraq plans to obtain a sovereign credit rating and is approaching rating agencies as it prepares for a jumbo $5 billion bond issue needed to cover a budget deficit caused by low oil prices, its finance minister said. "We star More… |
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Ownership curbs top obstacle for GCC family firmsOwnership restrictions, corporate governance limitations and a lack of geographical or cash flow diversification are among the most common credit risk challenges when rating GCC-based family-owned companies, a report said. These f More… |
