Banks in the Gulf Cooperation Council (GCC) region will increase mergers and acquisitions because of the coronavirus crisis and prolonged low oil prices, Moody’s Investors Service said in a report Tuesday. “The
Energy transition poses varying degrees of credit risk to the world’s largest national oil companies (NOCs), with many of the risks and opportunities ahead defined by the countries they operate in and
Persistently strong demand for Shariah-compliant investments is helping the Islamic asset management sector remain resilient amid the coronavirus-related market upheavals, Moody’s Investors Service said in a new report. Net inflows into some
Moody’s Investors Service has downgraded the ratings on eight non-financial corporates in Turkey and maintained the negative rating outlooks, following an avalanche of rating cuts that kicked off with the downgrade of
Moody’s has cut the covered bonds issued by five Turkish banks by one notch, following successive downgrades of 13 banks on Tuesday and Turkey’s sovereign last Friday, warning of possible balance-of-payments crisis
Despite coronavirus disruptions, growing demand for quality education will continue to drive primary and secondary education provider’s growth over the next three years, according to a new report by Moody’s Investors Service.
Reinsurance prices are expected to rise by at least 5% next year as the fallout from the coronavirus, more volatile natural catastrophe losses and capacity constraints take a toll on reinsurers profitability,
The profitability of asset managers in most Gulf Cooperation Council (GCC) countries will face moderate to high pressure over the next 12-18 months, reflecting the coronavirus crisis and an accompanying drop in
Bank of Cyprus agreeing to sell a portfolio of nonperforming loans with a gross book value of €916 mln to funds affiliated to global fixed-income investment manager PIMCO is a positive step,
Moody’s Investors Service has downgraded the Government of Lebanon’s issuer rating from Ca to C, without any outlook to the rating, as losses for bondholders now exceed 65%. According to the rating