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Fitch raises Saudi 2018 GDP growth forecastFitch Ratings has increased Saudi Arabia’s 2018 GDP growth forecast to 2.2 per cent from 1.8 per cent estimated earlier in line with the IMF’s estimate of the Kingdom’s growth (2.2 per cent for 2018) released last month, a repo More… |
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Fitch upgrades DP World ratingFitch Ratings recently upgraded global maritime operator DP World’s long-term Issuer Default Rating (IDR) to BBB from BBB- and its short-term IDR to F2 from F3. The rating outlook is stable. The upgrade follows on the Fitch More… |
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Fitch keeps Turkey at investment grade; outlook negativeRatings agency Fitch has affirmed its sovereign rating on Turkey at 'BBB-', the lowest investment grade, but lowered its outlook to negative from stable in a review after last month's attempted military coup. Investors More… |
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Moody's, Fitch affirm GIB credit ratingsGulf International Bank’s (GIB) credit ratings have been recently affirmed by both international credit rating agencies Moody’s and Fitch. Fitch affirmed GIB's long term credit rating at 'A' with a stable o More… |
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Mideast/Africa vulnerable to downgrades: FitchEmerging markets face another wave of ratings downgrades next year, with the Africa/Middle East region potentially given a 'negative outlook' and Brazil at risk of a cut to junk, Fitch Ratings' top sovereign analyst said in an interv More… |
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Boost for Bahraini banks as Fitch affirms ratingsFitch Ratings has affirmed National Bank of Bahrain’s (NBB), Bank of Bahrain and Kuwait’s (BBK) and Arab Banking Corporation’s (ABC) long-term issuer default ratings (IDRs) at ‘BBB-’. Fitch has also affirmed Ahli More… |
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GFH gets key Fitch ratings boostGFH Financial Group (GFH), the Bahrain based Islamic financial group, said it has received a long-term Issuer Default Rating (IDR) at 'B-' with a stable outlook from international credit rating agency Fitch. Fitch has prim More… |
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GCC will stick to currency dollar pegs: FitchGulf countries' currency pegs to the dollar are under pressure from low oil prices and a stronger dollar but there is no chance of them being abolished, ratings agency Fitch said on Tuesday. Oil exporters in the region includi More… |
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Fitch Learning, BIBF to launch credit analysis courseFitch Learning is partnering with Bahrain Institute of Banking and Finance (BIBF) to launch the region’s first advanced Corporate Credit Analysis programme. Scheduled to be held from December 6 to 8 at BIBF’s campus in Juffair, the More… |
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Fitch revises Saudi IRD ratings to 'negative'Fitch Ratings has revised the outlooks on Saudi Arabia's long-term foreign and local currency issuer default ratings (IDR) to negative from stable citing lower oil prices and higher state spending associated with the accession of a new king More… |
