Fitch

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. In its latest report, the credit rating agency…
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Kuwait’s foreign and local currency sovereign credit ratings have been affirmed at AA- with a stable outlook by Fitch Ratings, driven by strong fiscal and external balance sheets. An AA- rating from Fitch indicates minimal default risk,…
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Government pledges for privatization will drive the momentum of initial public offerings in the Gulf Cooperation Council region in 2024, according to Fitch Ratings. In its latest report, the credit rating agency said that the sale of…
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Saudi Arabia’s funding diversification plans and market development initiatives are bearing fruit, with the Kingdom’s debt capital market expected to witness continued growth in 2024. According to Fitch, the Kingdom’s outstanding DCM is…
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The Gulf Cooperation Council countries witnessed a surge in US dollar sukuk issuance, registering a 178 percent year-on-year growth in the past year. According to a report by Fitch Ratings, in core markets like the GCC, Malaysia,…
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Increased inflows from government-related entities helped banks in Saudi Arabia reduce liquidity pressure in 2023, according to Fitch Ratings. In its latest report, the credit rating agency noted that deposits from GREs surged by 23…
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Sustainable issuances in the Gulf, particularly sukuk, are expected to gain prominence due to the upcoming UN climate change conference, or COP28, according to Fitch Ratings. Bashar Al-Natoor, global head of Islamic finance and managing…
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Saudi Arabia’s outstanding debt capital market will see further growth after an 18.4 percent annual increase in the third quarter of 2023, according to research by Fitch Ratings. The agency said the total sector size hit $358.8 billion,…
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Banks in the Gulf Cooperation Council are currently reaping the benefits of robust operating conditions, driven by factors such as high oil prices, contained inflation, and rising interest rates, according to Fitch Ratings. In its latest…
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Reflecting Oman’s commitment to fiscal stability, US-based Fitch Ratings upgraded the Gulf nation’s long-term foreign currency issuer default rating to “BB+” from “BB.” According to the agency, the Omani government’s dedication to…
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