Moody's

Moody's reports: Islamic finance industry records high growth rates but remains fragmented
Despite growth rates at least twice as high as those recorded on global conventional financial markets, the Islamic financial industry remains fraught with diversity and heterogeneity, says Moody's Investors Service in its special report entitled 'Islamic Banks and Sukuk: Growing Fast, but Still Fragmented'.
United Arab Emirates: Wednesday, April 16 - 2008 at 15:19

Moody's assigns first-time IFSR of Aa3 to ICIEC; stable outlook
Moody's Investors Service announced today that it had assigned a first-time insurance financial strength rating of Aa3 to The Islamic Corporation for the Insurance of Investment and Export Credit ('ICIEC').
Saudi Arabia: Monday, April 14 - 2008 at 13:43

Moody's publishes updated analysis report on TAQA
Moody's Investors Service has issued its updated Credit Analysis Report on Abu Dhabi National Energy Company (also known as TAQA).
United Arab Emirates: Monday, April 07 - 2008 at 15:42

Moody's changes outlook on Lebanese banks' ratings to stable from negative
Moody's Investors Service has changed the outlook on the B3/Not Prime foreign currency (FC) deposit ratings of the four rated Lebanese banks (Bank Audi, BLOM Bank, Byblos Bank and Bank of Beirut) to stable from negative.
Lebanon: Thursday, March 27 - 2008 at 15:53

Moody's changes Lebanon's ratings outlook to stable
Moody's Investors Service has changed the outlook on Lebanon's ratings to stable from negative. The change of outlook applies to the government's B3 local and foreign currency bondratings, the B3 country ceiling for foreign currency bank deposits and the B2 country ceiling for foreign currency bonds.
Lebanon: Wednesday, March 26 - 2008 at 08:06

Moody's reports: Bank stocks still dominate GCC market capitalisation
Banking stocks continue to dominate the universe of listed companies in the Gulf Cooperation Council (GCC) countries in terms of value, in part due to financial institutions' role in recycling a considerable portion of these countries' oil wealth and liquidity, says Moody's Investors Service in a new Special Comment.
Middle East: Tuesday, March 18 - 2008 at 07:17

Comparative analysis of GCC Islamic banks reveals three distinct banking business models
The pure commercial-banking model in Islamic banking in the Gulf Co-operation Council (GCC) is being increasingly complemented by other, recently developed forms of more specialised Shari'ah-compliant financial intermediation, says Moody's Investors Service in its special report entitled 'Islamic Banks in the GCC: a Comparative Analysis'.
Middle East: Tuesday, March 11 - 2008 at 13:09

Moody's assigns (P) A3 to EMAL; stable outlook
Moody's Investors Service assigned prospective long-term ratings of (P) A3, stable outlook, to up to approximately $2bn of senior secured bullet bonds to be issued by Emirates Aluminium Company Limited ('EMAL').
United Arab Emirates: Sunday, March 02 - 2008 at 08:03