Browsing: credit rating

Fitch Ratings has downgraded Ukraine’s credit rating to ‘restricted default’ on Tuesday, citing the expiry of a ten-day grace period for the coupon payment on the country’s $750 million 2026 Eurobond, which was due on August 1.

Moody’s said Friday that it has upgraded Turkey’s credit rating on improved governance and progress on inflation, while maintaining the country’s outlook as “positive.”

RIYADH: Bahrain’s commitment to fiscal consolidation has witnessed S&P Global Ratings reaffirm its “B+/B” credit standing with a stable outlook despite challenges in 2023. 

Ratings agency S&P Global on Thursday cut Israel’s long-term ratings to A-plus from AA-minus after the confrontation with Iran heightened last weekend and amidst the already elevated geopolitical risks for Israel.

Fitch upgraded its credit rating for UK government debt from “negative” to “stable” Friday, citing easing economic policy risks, while reaffirming the country’s AA- rating.

RIYADH: Qatar’s long-term foreign currency issuer default rating has been upgraded to ‘AA’ with a stable outlook by Fitch Ratings, driven by the country strengthening its external balance sheet. 

This endorsement reflects the Kingdom’s ongoing commitment to economic and social reforms under its ambitious Vision 2030 agenda

The North African nation stunned markets in February with a $35 billion land development deal with Emirati sovereign wealth fund ADQ

International ratings agency Moody’s has lowered Israel’s credit rating, in Israel’s first-ever sovereign downgrade, the company announced on Friday.