Saudi Arabia’s move to raise US$10 billion via an international bank loan reflects the pressure on its …
Tag:
Fitch Ratings
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Financial Institutions
Fitch downgrades Saudi Arabia ratings to AA- from AA
by Yomna Yasserby Yomna YasserFitch Ratings downgraded Tuesday Saudi Arabia’s long-term issuer default rating to AA-from AA, and said its oil …
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Banks
Fitch: currency devaluation ‘moderately positive’ for Egyptian banks in long term
by Yomna Yasserby Yomna YasserThe recent devaluation of the Egyptian pound against the US dollar will likely be supportive of foreign …
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Financial Institutions
Islamic banking is dominant in Saudi Arabia; says Fitch
by Yomna Yasserby Yomna YasserFitch Ratings said Tuesday the Islamic finance is a mature and developed industry in Saudi Arabia, representing …
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Financial Institutions
Fitch affirms Abu Dhabi at ‘AA’; with ‘stable’ outlook
by Yomna Yasserby Yomna YasserFitch Ratings has affirmed Tuesday Abu Dhabi’s Long-term foreign and local currency Issuer Default Ratings (IDR) at …
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Regulations to boost SME lending, issued by the Central Bank of Egypt earlier this month, could weaken …
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Financial Institutions
Fitch affirms Egypt at ‘B’, with ‘Stable’ outlook
by Yomna Yasserby Yomna YasserFitch Ratings affirmed Friday Egypt’s Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘B’ with …
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Financial Institutions
Suez Canal Insurance renews reinsurance contracts with Germany’s Hannover Re
by Yomna Yasserby Yomna YasserEgypt’s leading composite insurer, Suez Canal Insurance has recently renewed its reinsurance contracts for 2016 with Hannover …
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Fitch Ratings has affirmed in a statement on October 21st, 2015, the Long-Term Issuer Default Ratings (IDRs) …
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Banks
Fitch revises African Export-Import Bank’s outlook to ‘Stable’; affirms at ‘BBB-‘
by Yomna Yasserby Yomna YasserFitch Ratings has revised African Export-Import Bank’s (Afreximbank) Outlook to Stable from Negative and affirmed the Long-term …