GulfBase Live Support
Leave a message and our representative will contact you soon
07/03/2012 08:43 AST
Ratings agencies have no plans to give the UAE or Dubai a credit rating because their governments have not asked to be rated, and their lack of transparency would make a credit assessment difficult, a senior analyst at Fitch said yesterday.
There has been speculation in the past year that Dubai might seek a rating, to help with the placement of its international bonds, or that UAE might seek to issue a bond of its own.
Some investors' mandates do not allow them to buy unrated bonds.
"We don't rate the UAE or Dubai, they haven't asked us or anyone else for a rating," Richard Fox, head of Middle East and Africa sovereigns at Fitch, told a Fitch Middle East and North Africa briefing in London.
All three major ratings agencies do rate UAE member Abu Dhabi, however. Fitch and Standard & Poor's rate Abu Dhabi AA while Moody's rates it Aa2 and all three ratings have stable outlooks.
For more on this Click Here
Gulf Daily News
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
05/04/2018
Saudi Arabia's Public Investment Fund (PIF) has signed an agreement with Six Flags to develop and design an amusement park in Riyadh. Six Flags, the world’s leading international amusement park compa
Arab News
05/04/2018
In an exclusive interview with Arab News, Turki Mohammed Al-Shehri explains how an expanding renewables industry will boost employment as well as pave the way for a greener future.
A massiv
Arab News
05/04/2018
Dubai’s residential property market continued to soften in the first three months of this year, in line with analysts’ forecasts, with rental values recording a more pronounced fall than sales prices
The National
05/04/2018
Buoyed by a strong oil price of $70 per barrel, Saudi Arabia’s Tadawul shot up by over 6 per cent in March 2018, according to Kuwait Financial Centre’s (Markaz’s) recently released Monthly Markets Re
Times of Oman
05/04/2018
Qatar banks’ combined credit facilities to real estate sector rose by QR17bn to QR147.7bn in 2017. The banks’ credit to various sectors stood at QR911bn at the end of 2017, up from QR839bn recorded i
The Peninsula