Fitch: China’s toxic debt pile may be 10 times official estimates
Toxic loans in the Chinese financial system could be 10 times as high as official estimates suggest, Fitch Ratings…
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Fitch Ratings
Fitch affirms Egypt rating at ‘B’ with stable outlook
Fitch Ratings has affirmed on Monday Egypt's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at…
Fitch: Saudi Arabia’s loan shows fiscal risk, may have structural benefit
Saudi Arabia's move to raise US$10 billion via an international bank loan reflects the pressure on its fiscal…
Fitch downgrades Saudi Arabia ratings to AA- from AA
Fitch Ratings downgraded Tuesday Saudi Arabia’s long-term issuer default rating to AA-from AA, and said its oil…
Fitch: currency devaluation ‘moderately positive’ for Egyptian banks in long term
The recent devaluation of the Egyptian pound against the US dollar will likely be supportive of foreign currency…
Islamic banking is dominant in Saudi Arabia; says Fitch
Fitch Ratings said Tuesday the Islamic finance is a mature and developed industry in Saudi Arabia, representing…
Fitch affirms Abu Dhabi at ‘AA’; with ‘stable’ outlook
Fitch Ratings has affirmed Tuesday Abu Dhabi's Long-term foreign and local currency Issuer Default Ratings (IDR) at…
Fitch: Egypt’s new banking rules could weaken asset quality
Regulations to boost SME lending, issued by the Central Bank of Egypt earlier this month, could weaken the quality…
Fitch affirms Egypt at ‘B’, with ‘Stable’ outlook
Fitch Ratings affirmed Friday Egypt's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'B' with…
Suez Canal Insurance renews reinsurance contracts with Germany’s Hannover Re
Egypt's leading composite insurer, Suez Canal Insurance has recently renewed its reinsurance contracts for 2016…