The foreign currency long-term and short-term ratings were affirmed at BBB+/A2, which is similar to the ratings assigned to the Omani sovereign. The financial strength rating was maintained at BBB+. The foreign currency …Read full article » Oman: Tuesday, August 29 - 2006 @ 12:39
The upgrade follows a re-assessment of Yemen’s ratings in light of ongoing improvements in fiscal transparency and data quality. The change in the foreign currency rating reflects the significant decrease in government external debt ratios …Read full article » Yemen: Tuesday, December 23 - 2008 @ 10:48
The outlook remains stable.
Yemen’s ratings are supported by favourable external indicators, a moderate government debt stock, and a renewed focus on governance and economic reform. But sovereign creditworthiness is constrained by an overdependence on oil, …Read full article » Yemen: Monday, November 06 - 2006 @ 13:49
At the same time, CI has affirmed the Bank’s Financial Strength rating at ‘BB-’. YBRD’s Support rating was maintained at ‘3’, reflecting majority government ownership combined with moderate capacity of the government to support the …Read full article » Yemen: Thursday, January 20 - 2011 @ 16:25
These actions follow the downgrade in Yemen’s Sovereign Long-term and Short-term Foreign Currency Ratings to ‘B-’ and ‘C’, respectively, from ‘B’ and ‘B’. The Outlook for the Sovereign Ratings was changed to ‘Negative’ from ‘Stable’.
According …Read full article » Yemen: Thursday, August 04 - 2011 @ 11:24
While good improvement was seen in the first three months of this year, the bond rating remains constrained by the Company’s high concentration in a number of investment holdings and its relatively high level of …Read full article » Kuwait: Saturday, June 30 - 2012 @ 09:58
The rating is underpinned by the Company’s generally sound overall financial, track record of profitability and the positive impact of the bond – which should significantly improve the Company’s debt profile, as well as securing …Read full article » Kuwait: Tuesday, June 18 - 2013 @ 15:24
The FSR is constrained by asset and income concentrations and weakened profitability in Q1 2011.
UGB’s Support Level is affirmed at ‘3’ in recognition of Kuwait Projects Company Holding K.S.C. (KIPCO)’s ownership. The Outlook …Read full article » Kuwait: Monday, August 08 - 2011 @ 12:30
UGB’s Financial Strength Rating (FSR) is maintained at ‘BBB’, supported by its sound capital adequacy, diversified sources of funding and ample liquidity, low level of impaired assets and the rebound in net profit in Q1 …Read full article » Bahrain: Saturday, June 30 - 2012 @ 13:19
The Support Level is ‘3’, reflecting the high likelihood of support from KIPCO. UGB’s Financial Strength Rating (FSR) is maintained at ‘BBB’.
The ratings are underpinned by improved leverage and strong debt repayment record, sound capital …Read full article » Bahrain: Saturday, June 29 - 2013 @ 09:25