IMF help mitigates external liquidity risks, default risks
Hong Kong/London/Singapore: Support from the IMF has helped to mitigate external liquidity risks and reduced the medium-term default risks in ...
Tag: Fitch Ratings
Cheap oil, politics, slow reforms impacts MENA economies
Hong Kong: Persistent low oil prices will maintain economic pressure on the oil exporters of MENA, which together with limited ...
Fitch rates Saudi Arabia’s $17.5b notes at AA-
Hong Kong: Fitch Ratings has assigned Saudi Arabia's USD5.5b 2.375% 2021 senior unsecured notes, USD5.5b 3.25% 2026 senior unsecured notes ...
IFRS9 can safeguard GCC banks against loan losses
Paris/London: Banks operating in Gulf Cooperation Council (GCC) countries may face lower loan loss requirements under IFRS9 rules because these ...
Low oil revenues limit sovereign support to banks
MANAMA: The financial support to the banks in the GCC has become a far, thanks to the low oil revenues, ...
Bahrain’s banks in good position, says Fitch
Hong Kong: The Kingdom of Bahrain’s strong banking sector is well-placed and capable of extending more credit to the economy ...
Fitch downgrades Bahrain to BB+; outlook stable
Hong Kong: Fitch Ratings has downgraded Bahrain's long-term foreign currency issuer default rating (IDR) to BB+ from BBB-and long-term local ...
Saudi deficit likely to remian in double digits in 2016
London: Saudi Arabia's 2016 budget contains significant reforms and follows notable expenditure restraint during the second half of 2015, but ...
Fitch upgrades Nakilat’s junior bonds
World's iconic tower Burj Khalifa Duabi UAELondon: Fitch Ratings has upgraded Nakilat Inc's junior bonds. Fitch ...
Fitch affirms Etisalat at A+ with outlook stable
London/Moscow: Fitch Ratings has affirmed UAE-based state-owned Emirates Telecommunications Corporation's (Etisalat) long-term foreign currency Issuer default rating (IDR) at A+ ...