AME Info | Standard & Poor's

UAE-based National Central Cooling Ratings cut to 'BB'; off CreditWatch; outlook developing

Wed, 03 Dec 2008 11:34:47 GMT

Standard & Poor's Ratings Services said that it lowered its long-term corporate credit rating on United Arab Emirates-based district cooling company National Central Cooling Co. PJSC (Tabreed) to 'BB' from 'BBB-'.

Standard & Poor's reaffirms credit ratings for DMCC

Wed, 03 Dec 2008 10:23:58 GMT

Standard & Poor's Rating Services (S&P) has reaffirmed its 'A' long-term and 'A-1' short-term foreign and local currency ratings on the Dubai Multi Commodities Centre (DMCC).

Dubai-based ETA Group 'BBB-' rating on watch neg on rising leverage and economic slowdown

Sat, 22 Nov 2008 07:11:30 GMT

Standard & Poor's Ratings Services said that it placed on CreditWatch with negative implications its long-term 'BBB-' corporate credit rating on Dubai-based industrial conglomerate ETA Group and its 'BBB-' debt rating on the $300m senior unsecured bank loan due 2012 issued by subsidiaries Emirates Trading Agency LLC, ETA Star Holdings Ltd., and Associated Construction and Investments Co. LLC.

Bahrain 'A' ratings affirmed on continued reforms; outlook stable

Wed, 19 Nov 2008 10:36:18 GMT

Standard & Poor's Ratings Services today said it had affirmed its 'A' long-term and 'A-1' short-term sovereign credit ratings on the Kingdom of Bahrain. The outlook is stable.

Dubai Islamic Insurance & Reinsurance Co. (Aman) 'BBB' Ratings Assigned; Outlook Stable

Tue, 18 Nov 2008 08:02:10 GMT

Standard & Poor's Ratings Services said that it assigned its 'BBB' long-term counterparty credit and insurer financial strength ratings to Dubai-based insurer Dubai Islamic Insurance & Reinsurance Co. (Aman).