A downgrade could affect the pricing of trillions of dollars of the US Treasury debt securities
Fitch Ratings
bank loans
Indian banks’ margins to face pressure in FY24, says Fitch Ratings
The agency raising doubts on profitability of Indian banks assumes added significance amid the increased scrutiny they are subjected to of late over their exposure to the embattled Adani Group
Fitch Ratings
Oil-exporting MENA is only region to maintain an improving outlook
Ratings agency Fitch predicts a deterioration in global sovereign credit conditions this year across most of the world
Abu Dhabi National Oil Company
Abu Dhabi’s ADNOC creates new unit for debt market activity
ADNOC Murban RSC Ltd says wholly owned subsidiary will be its primary debt capital markets issuing and rated entity
Fitch Ratings
Gov’t-related debt drops in the GCC but could reverse amid Covid uncertainty, says Fitch
Ratings agency says Covid-19 pandemic and higher oil prices are lowering government-related entity debt as a share of GDP
Fitch Ratings
Why Oman’s economic prospects are looking brighter
Fitch Ratings revises Oman’s outlook to stable from negative as economic picture improves
Banking & Finance
More mergers expected in GCC’s Islamic banking sector in 2022
Fitch Ratings says it sees continued profitability pressures on Gulf-based Islamic banks
Fitch Ratings
Gulf sovereigns set to register stronger growth in 2022, says Fitch
Ratings agency says high vaccination rates in the GCC have driven gradual easing of economic restrictions in 2021
Fitch Ratings
Most Gulf sovereigns benefitting from oil price, reforms, says Fitch
Ratings agency says gradual return of global trade and tourism is brightening the economic prospects for much of the region
Fitch Ratings
Pandemic impact on Saudi banks ‘contained’, says Fitch Ratings
Ratings agency says pressures on the Saudi banking sector have eased and economic activity is gradually recovering
credit ratings
Abu Dhabi’s Masdar secures first investment grade credit ratings
Moody’s and Fitch assign clean energy firm with ratings that confirm strong creditworthiness
Fitch Ratings
Fitch upgrades outlook for six Saudi banks on back of gov’t support
Ratings agency revises outlooks for Saudi banks to stable from negative
credit ratings
Kuwait’s credit rating cut for second time in two years by S&P
Ratings agency says fall in oil revenue and increased spending has pressured the Gulf nation’s fiscal outlook
Fitch Ratings
Saudi Arabia wins ratings boost from Fitch as economy recovers
Saudi Arabia’s A sovereign rating reaffirmed and outlook for the kingdom is revised from negative to stable
Fitch Ratings
RAK gov’t hails manufacturing sector as Fitch delivers rating boost
Government says local manufacturing sector has helped to limit the economic impact of the coronavirus pandemic
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Fitch Ratings
Credit profiles of Omani banks to face pressure during 2021, says Fitch
Ratings agency says corporate loan deferrals are significant and, unless extended, will pose sizeable risks to asset quality when they expire in September
currency
Kuwait currency peg in spotlight with nation unable to borrow
Analysts and investors say the government will be forced to act to shore up the nation’s finances, whether by breaking the borrowing deadlock or imposing taxes to increase revenue