Asian Development Bank forecasts moderate growth for Asia Pacific amid trade war

MANILA: The Asian Development Bank (ADB) projected growth in Asia Pacific to moderate to 4.9% in 2025 and 4.7% in 2026, citing rising trade barriers and a slowdown in China’s…

NNR April 9, 2025

Ratings

Fitch downgrades 2025 outlook for U.S. retail and consumer sectors to deteriorating

Fitch Ratings has revised its 2025 forecast for the U.S. retail and consumer products sectors, changing its outlook from Neutral to Deteriorating. This adjustment reflects concerns over the recently announced…

NNR April 8, 2025

Ratings

Cyber Threats Loom at the Threshold of U.S. Affordable Housing Providers

In the digital age, our lives are intertwined with technology more than ever before. This is no different for the realm of affordable housing in the United States, where managing…

NNR May 19, 2024

Ratings

How Are Alternative Investment Funds Using Net Asset Value Loans?

Current volume of NAV facilities, estimated at approximately $150 billion, could double in the next two years. The landscape of alternative investment funds (AIFs) is evolving rapidly, with new strategies…

NNR May 18, 2024

Ratings

Moody’s upgrades rating of Helios Towers

LONDON: Helios Towers plc, the independent telecommunications infrastructure company, announced Moody's Investors Service has upgraded the Company's long-term corporate family rating from B2 to B1 with a stable outlook. The…

NNR April 22, 2024

Ratings

AM Best maintains ratings for Suez Canal Insurance amidst economic challenges in Egypt

LONDON: AM Best has reaffirmed the Financial Strength Rating of B- (Fair) and the Long-Term Issuer Credit Rating of "bb-" (Fair) for Suez Canal Insurance (SCI), with an Egypt National…

NNR April 4, 2024

Ratings

Fitch Ratings affirms Victoria Plc’s credit rating

LONDON, UK: Victoria PLC (LSE: VCP), the international designers, manufacturers and distributors of innovative flooring, advised that international credit rating agency Fitch Ratings yesterday affirmed the Company's credit rating following…

NNR October 5, 2023

Ratings

S&P cuts ratings of five regional US banks amid tough lending environment

The credit ratings of five regional US banks have been lowered by S&P Global Ratings, as the agency warned of the challenges facing the sector in the wake of the Silicon…

NNR August 22, 2023

Ratings

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…

NNR July 19, 2023

Ratings

GFH Ratings Affirmed by Fitch at ‘B’; Outlook Stable

Manama: GFH Financial Group ("GFH" or "the Group") today announced that Fitch Ratings has affirmed its Long- and Short-Term Issuer Default Ratings (IDR) at 'B'. The Outlook on the Long-Term…

NNR June 6, 2023

MENA Ratings

Gulf International Bank receives ratings upgrades from Fitch to ‘A-‘/Stable

MANAMA, BAHRAIN: Gulf International Bank (GIB) announced that Fitch Ratings has upgraded its Long-Term (LT) Issuer Default Ratings (IDR) to 'A-'/Stable from 'BBB+'/Positive for Gulf International Bank BSC, Gulf International…

NNR April 19, 2023

Ratings

Moody’s has downgraded the outlook on Israel

Moody's downgrades Israel's outlook from "positive" to "stable" following recent protests against proposed changes in the judicial system. The overall A1 rating remains in place, but the downgrade could result…

NNR April 15, 2023