LONDON: TBC Bank Group announced that on 28 March 2024, Moody’s Investors Service affirmed JSC TBC Bank’s Ba2 long-term local and foreign currency deposit ratings, as well as senior unsecured rating and revised the outlook from negative to stable. The stable outlook on the senior unsecured and long-term deposit ratings is reflective of the agency’s…
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Fitch Ratings, Moody’s Investors Service, and S&P Global Upgrade Emaar Properties PJSC’s Credit Ratings
UNITED ARAB EMIRATES, DUBAI: Emaar Properties PJSC, Dubai’s premier realestate developer, received credit rating upgrades from Fitch Ratings, Moody’s, and S&P Global, reflecting its strong financial performance and improved leverage ratios. Fitch Ratings has upgraded Emaar Properties Long-Term Issuer Default Rating to ‘BBB’ from ‘BBB-, with a Stable Outlook. Moody’s has similarly upgraded Emaar Properties…
Moody’s withdraws credit ratings
MOSCOW, RUSSIA: Metalloinvest, a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, today announces that Moody’s Investors Service (“Moody’s“) withdraws the Company’s credit ratings, including long-term corporate family rating of JSC Holding Company Metalloinvest and backed senior unsecured rating of Metalloinvest Finance D.A.C. According to…
Moody’s upgrades Tritax Big Box REIT credit rating outlook to positive
LONDON, UK: Moody’s Investor Services has improved the Tritax Big Box REIT outlook to Baa1 (positive) from Baa1 (stable) and reaffirmed the company’s long-term corporate credit rating. This reflects the Company’s growing scale, continued focus on high-quality logistics assets, supported by even stronger sector fundamentals and the benefit of controlling and owning the UK’s largest…
Moody’s upgrades Sparebanken Vest’s Senior Preferred debt and Deposit ratings to Aa3
OSLO, NORWAY: Moody’s Investors Service (Moody`s) has today upgraded the bank’s long-term deposit, Senior Preferred debt and counterparty ratings and assessment to Aa3. The rating of the bank’s Senior Non Preferred debt is affirmed at A3. The deposit and senior unsecured ratings carry a stable outlook. According to Moody’s, the rating upgrade reflects continued improvement…
Kazatomprom credit rating upgraded by Moody’s
LONDON, UK: JSC National Atomic Company (Kazatomprom) announced today that the international rating agency Moody’s Investors Service has upgraded the Company’s credit rating Baa3, to Baa2. The base credit rating of Kazatomprom was increased by one notch and the outlook remains Stable. Moody’s released a statement announcing the rating change and stable outlook on 12…
Moody’s raises the outlook for Coface to stable
PARIS: The rating agency Moody’s, on 10th February 2021, has confirmed the financial strength rating (Insurance Financial Strength – IFS) for Coface at A2. The agency has also raised the outlook for Coface, which is now stable. Almost one year since the beginning of the coronavirus pandemic and the associated health and economic crisis, Moody’s…
Moody’s upgrades Aker BP to Baa3 with stable outlook
OSLO: Aker BP announced that Moody’s Investor Service today has upgraded its long-term issuer rating of Aker BP from Ba1 to Baa3 with stable outlook. With this assignment, Aker BP is now investment grade rated by S&P Global Ratings, Fitch Ratings and Moody’s Investor Service, all with stable outlook. Aker BP is a fully-fledged E&P…
Moody’s upgrades Sbanken ASA’s deposit rating to A2
OSLO: Moody’s Investor Service has upgraded Sbanken’s rating for long-term deposits to A2 from A3, with the outlook remaining – Positive. The upgrade is driving by the expectation that the bank will issue additional loss-absorbing instruments, mainly in the form of senior non-preferred (SNP) debt), following the receipt of Minimum Requirement for Own Funds and…
Moody’s downgrades Crown Resorts’ rating
MELBOURNE: Moody’s Investors Service (Moody’s) has downgraded Crown Resorts Limited (CWN) issuer rating from Baa2 to Baa3 and that the rating remains on review for downgrade. As a result of the downgrade, there will be an increase in the interest cost associated with Crown’s Euro Medium Term Notes of approximately USD 1 million per annum….
Moody’s affirms Frasers Centrepoint’s Baa2 rating; changes outlook to stable
SINGAPORE: Moody’s Investors Service has affirmed Frasers Centrepoint Trust’s (FCT) Baa2 issuer rating. At the same time, Moody’s has changed the outlook on the rating to stable from negative. The rating action follows FCT’s announcement on 3 September that it will (1) acquire the balance 63.1% stake in Asia Retail Fund Limited (ARF); (2) raise…
Moody’s takes rating actions on 11 Indian banks following sovereign downgrade
SINGAPORE: Moody’s Investors Service has taken rating actions on 11 Indian banks following sovereign downgrade. Rating action has been taken on following banks: Bank of Baroda (BOB), Bank of India (BOI), Canara Bank (Canara), Central Bank of India (CBI), Export-Import Bank of India (EXIM India), HDFC Bank Limited (HDFC Bank), Indian Overseas Bank (IOB), IndusInd…