LONDON: S&P Global Ratings has today affirmed the credit rating for Landsbankinn at BBB/A-2 with continued stable outlook. The announcement states that S&P has lowered the industry risk in its assessment based on an eased banking sector risk, resilience of profitability during global pandemic and expectations of continued strong return on equity. Furthermore, S&P assumes…
Category: Ratings
Corporate Ratings, Insurance Ratings, S&P, Moody’s, Fitch
Oman Insurance’s credit rating upgraded to ‘A’ by S&P
DUBAI, UAE: Oman Insurance Company announced that its long-term issuer credit and insurer financial strength ratings have been upgraded by Standard & Poor’s (S&P) to ‘A’ from ‘A-’ with stable outlook, as the company has built a track record of sustainable operating performance while maintaining its robust capital adequacy and exceptional liquidity. In its official…
Heartland long-term ratings affirmed, Outlooks revised
AUCKLAND: Fitch Rating (Fitch) has affirmed the Long-Term Issuer Default Ratings (IDR) of Heartland Group Holdings Limited (NZX/ASX: HGH) (Heartland Group) and Heartland Bank Limited (NZX: HBL) (Heartland Bank) at ‘BBB’, and the Long-Term IDR of Heartland Australia Group Pty Ltd (Heartland Australia) at ‘BBB-‘. (Heartland Group, Heartland Australia and Heartland Bank, together referred to…
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…
Capital Intelligence reaffirms QIB’s long term rating at A+ with stable outlook
DOHA, QATAR: Qatar Islamic Bank (QIB) has reconfirmed its ongoing positive rating with Capital Intelligence (CI) Ratings today announcing the Bank’s Long-Term and Short-Term Ratings of ‘A+’, and ‘A1’ respectively, with a stable outlook. Capital Intelligence’s Credit Rating Report reaffirmed QIB’s strong franchise and market position, with 49% of total assets of listed Islamic banks…
Fitch assigned a new credit rating to Metalloinvest
MOSCOW, RUSSIA: Metalloinvest, a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, today announced that Fitch Ratings has downgraded the Company’s corporate rating to “CC” on March 11th. According to Fitch’s statement, the rating actions reflect new restrictions that may impair the company’s ability to…
Fitch Ratings has changed Inter RAO credit rating
MOSCOW, RUSSIA: Public Joint Stock Company “Inter RAO UES” (“Inter RAO”, “Company”, ticker on MOEX: IRAO), the largest diversified utilities holding in Russia, announced that on March 04, 2022 independent rating agency Fitch Ratings (Fitch Ratings CIS Ltd.) has changed corporate credit rating of PJSC “Inter RAO” from ‘BBB’ with the “stable” outlook to ‘B’ with the “negative”…
MSCI ESG Ratings downgrades Polyus’ ESG Rating from ‘A’ to ‘B’
LONDON, UK: PJSC Polyus (LSE: PLZL) notes that MSCI ESG Ratings has downgraded the Company’s ESG Rating from ‘A’ to ‘B’ as part of a series of ESG Ratings downgrades for Russian companies and will continue to assess these companies’ ratings on an ongoing basis. MSCI ESG Ratings announced that it has applied an ESG…
Heathrow Funding’s debt put on CreditWatch with negative implications
LONDON, UK: Standards & Poor’s has put Heathrow Funding Limited’s Class A and B debt on CreditWatch with negative implications, pending the CAA’s final decision on H7 this summer. Based on the regulator’s statutory duty, S&P’s assessment relies on the CAA taking a balanced approach such that Heathrow Funding can recover and sustain credit metrics…
Oman Insurance Company bags ‘Insurer of the Year – Overall’ Award at MENA IR 2022 Awards
DUBAI: Oman Insurance Company received ‘Insurer of the Year – Overall’ award at the prestigious MENAIR 2022 Awards. The company was recognized for providing excellent customer service, introducing new, innovative and sustainable solutions, and raising the bar in terms of its product depth, features and value proposition. The event recognized various other insurance companies across…
The Asset magazine ranks Qatar Insurance as Top Investment House
DOHA, QATAR: Qatar Insurance Company (QIC) has been ranked as the “Top Investment House” by The Asset magazine for the fourth year in a row. The survey ranked top investment houses in Asian G3 bonds (issued by Asian issuers in USD, EUR and JPY) based on the number of votes won where QIC garnered the…
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…