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Fitch

Fitch latest

Turkey: Fitch Upgrades Outlooks of 20 Banks
November 13th, 2019 - 09:01 GMT

Turkey: Fitch Upgrades Outlooks of 20 Banks

Credit ratings agency Fitch has upgraded the outlooks of 20 Turkish banks to stable from negative. {"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-2…","video_id":"2f074372-b3fa-4f9f-8191-57992d2241ce","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"10 Highest Average Cappuccino Prices Around the World"} The move follows a similar upgrade of the outlook on Turkey's long-term issuer default ratings to stable from negative on Nov. 1, Fitch said in a statement on Tuesday. Fitch also affirmed the ratings of those banks' financial subsidiaries driven by institutional support, while revising their ...
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Fitch Reviews Turkey’s Outlook From Negative to Stable
November 3rd, 2019 - 09:00 GMT

Fitch Reviews Turkey’s Outlook From Negative to Stable

Aramco came under Yemen’s biggest retaliatory attacks ever on Sept. 11, as a result of which Saudi Arabia lost half of its production capacity.
October 9th, 2019 - 07:38 GMT

Fitch Downgrades Saudi Aramco After Cutting Down the Kingdom's Debt Rating

A man walks past a money exchange in Beirut after Lebanon's central bank announced measures to facilitate access to dollars for importers of petroleum products, wheat, and medicine amid fears of a dollar shortage.
October 7th, 2019 - 08:41 GMT

The One Million Dollar Question: Is the Lebanese Pound at Risk of Devaluation?

Qatar's economy declined in the second quarter of this year to $55.1 billion
October 3rd, 2019 - 06:30 GMT

Qatar’s Economy Contracts by 1.4 Percent in Q2 2019

The Saudi finance ministry criticised the downgrade
October 1st, 2019 - 11:30 GMT

Fitch Downgrades Saudi Arabia’s Credit Rating

The downgrades and tensions over the border with Israel and inside Lebanon led for the first time in years to the U.S. dollar reaching 1,560 Lebanese pounds on the black market in recent weeks for the first time in more than two decades.
September 5th, 2019 - 08:48 GMT

S&P Warns on Drawdown of Foreign Currency Reserves in Lebanon

Fitch predicted a deficit of 9.2% of GDP in 2019 and a nominal GDP growth of 3.3%, compared with the government assumption of 5.7%.
August 25th, 2019 - 07:51 GMT

Fitch Downgrades Lebanon for the First Time in 3 Years

ADIB, which is rated A2 by Moody’s and A+ by Fitch, in each case with a stable outlook, priced the non-call, five-year Sukuk at a profit rate of 7.13 per cent. (File/ Photo)
September 17th, 2018 - 05:15 GMT

Strong Tier-One Perpetual Sukuk Debut for ADIB With $750 Million

Risks to financial stability remain significant given unpredictability in the policy framework and Turkey’s large external financing requirements. (Shutterstock)
September 13th, 2018 - 09:03 GMT

Agencies Downgrade Turkish Banks in Response to Market Volatility

The UAE's economic outlook will be driven by the oil price and changes in fiscal policy. (Shutterstock)
August 13th, 2018 - 07:04 GMT

Report: GCC Enjoys a Fiscal Windfall From the Recovery in Oil Prices

Naushid Mithani, MD, Market Head, GSAC EMEA & PvB Head, UAE at Standard Chartered. (CPI Financial)
June 26th, 2018 - 10:33 GMT

Interview: The Holistic Approach to Private Banking

Turkish Economy Minister Nihat Zeybekci said the country is expected to exceed its revised export target of $156.5 billion by the end of 2017. (AFP)
December 27th, 2017 - 11:06 GMT

Turkey’s Exports to Exceed Targets in 2017: Official

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