Browsing: Moody

RIYADH: Moody’s Investor Services has affirmed its AAA credit rating with a stable outlook for the Islamic Development Bank, driven by the financial institution’s robust asset performance. 

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.”

The change in rating reflects, “increased predictability of policies and decision-making processes affecting non-government issuers given institutional improvements,” the ratings agency said

Moody’s Ratings (Moody’s) has on Saturday changed the outlook on the Government of Tunisia to stable from negative and affirmed the Caa2 long-term foreign-currency and local-currency issuer ratings.

Global ratings giant Moody’s has raise Egypt’s credit outlook from negative to positive following the expanded $8 billion funding from the International Monetary Fund (IMF), as per a recent statement.

The decision was political and did not put forward any ‘serious’ economic claims, according to Finance Minister Bezalel Smotrich