Standard & Poor’s affirms Pakistan’s ‘B/B’ ratings with stable outlook
- 30-Oct-2017
ISLAMABAD: The global rating agent Standard & Poor’s (S&P) in its report on Monday affirmed Pakistan’s ‘B’ long-term and short-term sovereign credit rating. The outlook for the long-term ratings remains stable. Affirmation of Pakistan’s rating reflects that economic prospects remain favourable and external and fiscal metrics of the country will not worsen materially from their current level, reported press […]
China hits back at S&P’s ‘mistaken’ credit downgrade
- 22-Sep-2017
BEIJING: China on Friday lashed out at the decision by Standard & Poor’s to downgrade the country’s credit rating, calling the warning against ballooning debt “mistaken” and based on “cliches” about its economy. The agency slashed China from AA-minus to A-plus on Thursday, a move that followed a similar decision in May by Moody’s stemming […]
Islamic banks set to boost Gulf market share: S&P
- 13-Oct-2014
DUBAI: Islamic banks are set to boost their market share in the energy-rich Gulf states to nearly 30 percent in the next five years, ratings agency Standard & Poor's said on Monday.