rating agency

Fitch changes Saudi credit rating

Rating agency Fitch downgraded Saudi Arabia’s credit rating to A from A+ today, citing rising geopolitical and military tensions in the Gulf following an attack on its oil facilities and a deterioration of the kingdom’s fiscal …

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Saudi Aramco named world's most profitable company

Saudi Aramco was the world's most profitable company in 2018 with net income of $111.1 billion, easily outstripping U.S. behemoths including Apple Inc. and Exxon Mobil Corp, Bloomberg reported with reference to Moody's Investors …

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Bakhtadze: Georgian economy now more competitive

Georgia's Prime Minister Mamuka Bakhtadze has responded to Georgia’s improved standing in the Fitch rating.  According to him, the promotion in the international rating agency means that the Georgian …

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Increase in revenues promised to Russians

The S&P international rating agency forecasts a gradual increase in real incomes of Russians, the agency said in a report. "The level of real disposable income and customer confidence may gradually increase in the long …

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Moody's upgrades outlook on Russia's sovereign rating

Moody's rating agency has changed the outlook on Russia's Ba1 long-term issuer and senior unsecured debt ratings to positive from stable. Moody's also affirmed Russia's long-term ratings at ‘Ba1’, the agency said in a …

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 Moody's withdraws national scale ratings in Russia

Moody's Interfax Rating Agency has today withdrawn its Russia national scale ratings. "This decision was taken in light of legislative changes and other potential restrictions applicable to the business of providing NSRs in …

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S&P downgrades major oil producing countries

The international rating agency Standard & Poor's has downgraded the ratings of the major oil-producing states. S&P now assumes an average Brent oil price of $40 per barrel in 2016 and $50  per barrel in 2018. Earlier, in the …

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 S&P expects Brent to be $40 per barrel in 2016

Standard & Poor's agency downgraded its oil price forecasts for Brent crude to $40 per barrel for the rest of this year, $45 per barrel for 2017 and $50 per barrel in 2018, Interfax reports. Recall that Russia's state budget …

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Azerbaijani Finance Ministry points to mistakes of S&P

Azerbaijani Finance Ministry has pointed out inaccuracies contained in the report released yesterday by the ratings agency Standard & Poor's, the drafters of which  lowered the credit rating of the Republic by one notch from BBB-/A-3 …

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