Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
There is an aggressive hunt for yield by issuance-starved investors in the Gulf
The duo were the first AT1s from the GCC since Emirates NBD's reopener in April
Books were more than double the deal's size at launch
The company is expanding outside Turkey, such as into Saudi Arabia
More articles/Ad
More articles/Ad
More articles
-
Oman's Capital Market Authority (CMA) this week gave groundbreaking approval for two Islamic finance businesses.
-
Pakistan's Meezan Bank is pitching several companies on the idea of issuing short term Islamic bonds, following its market-opening issues for a pair of domestic corporations over the past month.
-
Karachi, August 18, 2011: JCR-VIS has reaffirmed the entity ratings of SilkBank Limited (SBL) at ‘A - /A-2’ (Single A Minus/A-Two). Due to unsubscribed rights issue of Rs. 2.5b pertaining to Bank Muscat, previously a major shareholder in the bank, Capital Adequacy Ratio (CAR) of SBL has remained below the international benchmark for commercial banks. The management is in the process of finalizing a recapitalization strategy, which is planned to materialize within 2011 and would enable the bank to meet at least the international benchmark for capital adequacy. Furthermore, the management is also making efforts to address other operational issues, progress against which will continue to be tracked by JCR-VIS.
-
Karachi, August 17, 2011: JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the Management Quality rating of National Asset Management Company Limited (NAMCO) at ‘AM3 - ’ (AM Three Minus).
-
Karachi, August 16, 2011: JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded the medium to long-term and short-term entity ratings of JDW Sugar Mills Limited (JDW) to ‘A’ (Single A) and ‘A-1’ (A-One), respectively. The rating of the company’s Rs. 1.7b TFC issue has also been upgraded to ‘A+’ (Single A Plus). Outlook on the assigned ratings is ‘Stable’.
-
Karachi, August 16, 2011: JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded the medium to long-term and short-term entity ratings of JDW Sugar Mills Limited (JDW) to ‘A’ (Single A) and ‘A-1’ (A-One), respectively. The rating of the company’s Rs. 1.7b TFC issue has also been upgraded to ‘A+’ (Single A Plus). Outlook on the assigned ratings is ‘Stable’.