1 Standard & Poor's
Etisalat ratings unaffected by announced India venture
- Standard & Poor's Ratings Services said today that its ratings and outlook on Emirates Telecommunications Corp. (Etisalat; A+/Stable/A-1), the former incumbent fixed-line and leading mobile telecommunications operator in the United Arab Emirates are unaffected by the announcement that Etisalat will acquire about 45% of Indian mobile operator Swan Telecom Private Ltd. for $900m in cash.
- United Arab Emirates: Wednesday, September 24 - 2008 at 15:05
Kuwait-based Wethaq Takaful Insurance Co. K.S.C. rated 'BBB-'; outlook stable
- Standard & Poor's Rating Services assigned its 'BBB-' long-term counterparty credit and financial strength ratings to Kuwait-based insurer Wethaq Takaful Insurance Co. K.S.C. (Closed) (Wethaq).
- Kuwait: Tuesday, September 23 - 2008 at 15:21
Ajman Sewerage underlying bank loan rating on watch neg on low collections and works delays
- Standard & Poor's Ratings Services has placed its 'BBB' underlying rating on the senior bank loan issued by Emirate of Ajman-based Ajman Sewerage (Private) Co. Ltd. on CreditWatch with negative implications.
- United Arab Emirates: Tuesday, September 23 - 2008 at 14:35
Mubadala Development assigned 'AA/A-1+' long- and short-term ratings; Outlook stable
- Standard & Poor's Rating Services said today that it assigned its 'AA' long-term and 'A-1+' short-term corporate credit ratings to the operating holding company Mubadala Development Co. PJSC (Mubadala) based in Abu Dhabi, in the United Arab Emirates (UAE). The outlook is stable.
- United Arab Emirates: Tuesday, September 16 - 2008 at 15:20
Increased innovation will drive securitization in the Gulf, Middle East, and North Africa
- There is growing interest in the securitization of residential and consumer receivables backed by assets in the Gulf Cooperation Council (GCC) and the Middle East and North Africa region (MENA).
- United Arab Emirates: Tuesday, September 16 - 2008 at 15:03
Kuwaiti banks remain healthy despite increased competition, S&P says
- Controlling asset quality, maintaining good capitalization, and refining risk management are the key medium-term challenges facing Kuwaiti banks, according to an updated report published by Standard & Poor's Ratings Services.
- Kuwait: Thursday, September 11 - 2008 at 07:58
Sukuk issuance expected to exceed $20bn in 2008, says S&P
- After a slow start in 2008, the sukuk market is picking up again, said Standard & Poor's Ratings Services in a report published today.
- Middle East: Tuesday, September 09 - 2008 at 15:30
S&P: Oman insurance market remains strong after 2007 losses
- In its latest report on the insurance market in the Sultanate of Oman, Standard & Poor's Ratings Services says that despite the heavy losses from Cyclone Gonu in 2007, the sector has much to commend it.
- Oman: Tuesday, August 26 - 2008 at 16:21
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