British Chancellor George Osborne today refused to admit he had failed in his commitment to protect Britain’s credit rating, despite seeing it downgraded by leading agency Moody’s yesterday afternoon. In the wake of Moody’s reducing Britain one notch to AA1, Mr Osborne claimed the country’s credibility was intact hit back at calls for him to […]
Moody’s Investors Service lowered the standalone assessments of 13 banks in Jordan, Lebanon, Pakistan and Ukraine to reflect the degree to which the banks’ businesses depend on the domestic macroeconomic and financial environment, reliance on market-based funding and exposure to domestic sovereign debt.
Moody’s Investors Service has upgraded on Thursday to B1 from B2 the constrained long-term foreign currency deposit ratings of four Lebanese banks: BLOM Bank, Byblos Bank, Bank Audi and Bank of Beirut. Moody’s has also upgraded Byblos Bank’s foreign currency senior bond ratings to Ba3 from B1. The outlook on all of these ratings is […]
Moody’s Investors Service on Thursday said it could upgrade Lebanon’s credit ratings if the government continues to improve the ability to finance its wide fiscal deficit, while avoiding political instability. The ratings agency revised to positive from stable the outlook on Lebanon’s B2 credit ratings, saying the decision reflects the continued improvement in the country’s […]