Thu, Jul 31, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Performance more

S&P reviewing ratings of 50 MENA banks on new criteria

Posted on 12 December 2011

Standard & Poor’s (S&P) is reviewing credit ratings on 50 banks in the Middle East and North Africa under a new set of criteria, a move that could result in higher funding costs for lenders already hit by the euro zone crisis and the Arab Spring revolts.
The agency, which last month classified Bahrain’s banks as the riskiest in the GCC (Gulf Cooperation Council), and saw a weak credit profile for United Arab Emirates lenders, expects more activity in debt capital markets as bank lending struggles, a senior S&P executive told Reuters in an interview………………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

July 2014
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
28293031