Most recent/Bond comments/Ad
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The Gulf kingdom is trying to tackle a very wide deficit and sky-high debt to GDP
Gulf investors 'will now look at every deal', whether sukuk or not
Demand from the Middle East for the sukuk was steady
Bond pricing for the mining company started about 43bp back of its parent
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Karachi, January 28, 2013: JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the medium to long-term entity rating of First Paramount Modaraba (FPM) at ‘BBB’ (Triple B). Short-term rating has also been reaffirmed at ‘A-3’ (A-Three). Outlook on the rating is ‘Stable’.
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Karachi, January 28, 2013: JCR-VIS Credit Rating Company Limited (JCR-VIS) has maintained the Insurer Financial Strength ( IFS ) rating of Reliance Insurance Company Limited (RICL) at 'A-' (Single A Minus). Outlook on the rating has been revised from 'Stable' to 'Positive'.
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Qatar Islamic Bank has appointed Bassel Gamal as chief executive officer. Based in Doha, he will be assume his duties in February and will be responsible for all companies and institutions affiliated with the bank.
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Saudi Arabian engineering firm Abdullah AM Al-Khodari Sons Co has agreed a SR156.24m ($42m) Islamic financing addendum with Banque Saudi Fransi to add to the $305m-equivalent Shariah-compliant deal the company signed with the bank last June.
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Al Ahli Takaful Company has named Anas Abdulaziz Akel as its acting CEO following the recent resignation of Ehab Yousef Linjawi.
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JCR-VIS assigns local currency ratings on a national scale. Local currency rating on a national scale assumes the national government to be least risky, which is therefore implicitly assigned a 'کAAA' rating. These ratings represent an entity's ability to meet its domestic obligations in the local currency.