Standard and Poor's: Global corporate default rate rises to 9.71% in October 2009
The number of global weakest links remains elevated, even as the economy starts to show signs of... Read full article »
Qatar-based Nakilat removed from CreditWatch on high likelihood of state support; 'A+' rating affirmed; outlook stable
Standard and Poor's Rating Services said that it affirmed its 'A+' long-term corporate credit... Read full article »
Kuwait-based Gulf Bank ratings lowered to 'BBB-/A-3' on deteriorating asset quality; outlook negative
Standard and Poor's Ratings Services said that it lowered its long- and short-term counterparty... Read full article »
Shariah-compliant equities lag as investors dive back into financials
Shariah-compliant stocks underperformed the broader market in the Gulf Cooperation Council,... Read full article »
Standard and Poor's outlines factors that could affect its view of the likelihood Of government support for Dubai-based GREs
A report published today by Standard & Poor's Ratings Services answers questions related to its... Read full article »
Abu Dhabi's TDIC Sukuk Ltd. proposed $1.45bn trust certificates issuance program assigned 'AA' preliminary rating
Standard & Poor's Ratings Services today said it had assigned its preliminary 'AA' rating to TDIC... Read full article »
Kuwait-based Wethaq Takaful Insurance Co. ratings lowered to 'BB'; outlook negative
Standard & Poor's Ratings Services said today that it has lowered its long-term counterparty... Read full article »
Qatari LNG Project Ras Laffan 3 $2.23bn senior secured bond issue assigned 'A' rating; outlook stable
Standard and Poor's Ratings Services said today that it assigned its 'A' long-term senior secured... Read full article »
Orascom Telecom 'B' rating placed on CreditWatch negative on limited liquidity visibility at parent company level
Standard and Poor's Ratings Services said today that it placed on CreditWatch with negative... Read full article »
First Takaful Insurance assigned 'BBB-' ratings on good capitalization; outlook stable
Standard and Poor's Ratings Services said that it had assigned its 'BBB-' long-term counterparty... Read full article »
Sukuk market has continued to progress in 2009, despite some roadblocks
New issuance of sukuk (bonds compliant with Islamic law) topped $9.3bn in the first seven months... Read full article »
Standard and Poor's signs index licensing agreement with Saudi Stock Exchange
Standard and Poor's, the world's index provider, today announced it has signed an Index Creation... Read full article »
Islamic Development Bank's IDB Trust Services sukuk issuance program 'AAA' rating affirmed
Standard and Poor's Ratings Services has affirmed its 'AAA' senior unsecured debt rating on the... Read full article »
Long-term rating on National Central Cooling lowered to 'BB-' due to weakening liquidity
Standard and Poor's Ratings Services said that it lowered its long-term corporate credit rating... Read full article »
Standard and Poor's: Middle East and North Africa markets heading for a correction, say fund managers
Fund managers investing in the Middle East and North Africa (MENA) are united in expecting a... Read full article »
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