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Gulf Finance holds 'BB' rating
- United Arab Emirates: Tuesday, August 18 - 2009 at 09:42
Gulf Finance Corporation, a wholly owned subsidiary of Shuaa Capital, has announced that Capital Intelligence, the regional credit rating agency, has reaffirmed its long-term 'BB' rating with a stable outlook. Capital Intelligence has highlighted the low level of non-performing loans, adequately capitalised balance sheet and the management capability as the basis for the rating decision.
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StaffTuesday, August 18 - 2009 at 09:42 UAE local time (GMT+4)
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