Tag: Moody’s
Kuwait worst hit in GCC by low oil prices: Moody’s
Renowned global credit rating service Moody's Investors Service (Moody's) expects Kuwait to be the most exposed GCC country to the prolonged decline in oil...
Global appreciation for Saudi Sukuk’s reiterate Kingdom’s economic strength
Leading global credit rating agency, US-based Moody's has given a positive outlook to Saudi Arabia’s domestic Sukuk issuance program.
Earlier this week, in its latest...
Qatar to use reserves to pay off debts: Moody’s
Renowned global rating agency Moody’s understands that Qatar will utilize its accumulated contingency reserve funds to pay off the debt and has now approved...
Airline recovery by 2023 likely if COVID vaccine is available: Moody’s
According to Moody's Investors Services, global airline passenger demand will not rebound until the end of 2023 to pre coronavirus levels, and even then...
Softbank Debt Reduction Plan; Group to buyback $1.9bn worth unsecured bonds
As of its debt reduction strategy, renowned global investment group, Japan’s SoftBank is expected to buy back it's domestic unsecured corporate bonds worth $1.9...
Oman has a strong liquid fiscal and foreign currency stock reserves:...
Consistent with other similar credit rating services, Moody’s Creditors Service has dropped Oman's sovereign rating for the second time this year as a lower...
OAB – Alizz Islamic Bank merger leads Oman’s financial sector consolidation
Oman's financial sector is witnessing another set towards consolidation as Oman Arab Bank (OAB) and Muscat-based Alizz Bank have entered into a consensus to...
Moody’s gives prime ratings for UAE and Kuwait
Moody’s Emerging Market Chartbook 2020 measures Abu Dhabi, UAE, and Kuwait as the highest-rated emerging markets sovereigns amid coronavirus pandemic.
While it rated GCC’s largest...
