Credit Rating

Of banks and ebbing deposit flows

Of late, Indian banks have come up against a problem that they’ve seldom had to face over the last two decades — having too few takers for their fixed deposits. RBI data showed that in the financial year ended March 2018, aggregate deposits of scheduled commercial banks expanded by 6.7%. That’s the lowest annual growth rate recorded in over five decades. Over the last two decades, banks have been able to expand their deposit base at an average rate of…

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With International Islamic Trade Finance Corporation – ITFC’s support and financing facilities, Coris Bank International (CBI) starts its Islamic finance operations in Senegal – Credit Rating News Today

With International Islamic Trade Finance Corporation – ITFC’s support and financing facilities, Coris Bank International (CBI) starts its Islamic finance operations in Senegal – Credit Rating News Today – EIN News Trusted News Since 1995 A service for global professionals · Sunday, June 24, 2018 · 452,947,192 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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STANDARD & POOR’S UPS FIJI ECONOMIC OUTLOOK

STANDARD & POOR’S UPS FIJI ECONOMIC OUTLOOK Reserve bank welcomes ‘stable’ rating SUVA, Fiji (Fijilive, Dec. 19, 2009) – Reserve Bank of Fiji Governor Sada Reddy says the revision of the outlook for Fiji from negative to stable by (S&P) Standard and Poor’s Rating Services augurs well for Fiji’s international credit ratings. Reddy said the rating would help in the event that Fiji wants to borrow in the international money markets. He said it also reflected well on the stability…

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A.M. Best Affirms Credit Ratings Of Wilton Re

A.M. Best has affirmed the Financial Strength Rating [FSR] of A+ [Superior] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “aa-” of Wilton Reinsurance Bermuda Limited [Bermuda] and its subsidiaries. A.M. Best also has affirmed the Long-Term ICRs of “a-” of Wilton Re Ltd [Nova Scotia, Canada] and Wilton Re Finance, LLC [Wilton Re Finance] [Delaware], as well as the Long-Term Issue Credit Rating of “a-” on the $300 million 5.875% senior unsecured notes due 2033 of Wilton Re…

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Citizens Advice Scotland comment: Decision-makers should experience the reality of debt before making financial policy

Earlier this month Andy Haldane, chief economist of the Bank of England, gave a talk at TedX in Glasgow entitled “Putting the public back in public institutions”. Echoing an opinion piece he’d written in The Herald a few days earlier, his theme was that members of the public should have more input into the thought processes of the bank’s monetary committee, as he wanted to ensure that the decisions they make reflect the real experience of people across the UK.…

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Stocks bloodbath as KSE-100 plummets 2,043 points

Moody’s downgr­ade of outloo­k, foreig­n sellin­g and poor econom­ic indica­tors led to panic sellin­g The announcement of Moody’s outlook on Pakistan, where the country was downgraded to negative from stable, also dampened investor sentiment PHOTO: FILE KARACHI: The KSE-100 index plunged by a whopping 2,043 points or 4.7% during the outgoing week, as worrying economic indicators and poor outlook report by a credit ratings agency took toll on the benchmark, pushing it near the 41,500 level. On Tuesday, the first trading…

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Firms flee rating agencies to avoid books scrutiny :: Kenya

Bank of Africa Monrovia branch on Monrovia Street in Nairobi is one of the branches to be closed, the bank has announced plans to make Nairobi the Anglophone regional Information Technology Hub for its operations in a move to enhance its efficiency in customer service on 20th January 2017. [Photo: Wilberforce Okwiri] When Bank of Africa Kenya withdrew its commitment to be scrutinized and graded by South African firm Global Credit rating, their debt position was questioned. GCR had watched…

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RenaissanceRe Holdings: This 5.75% Preferred Stock Has Begun Trading On The NYSE – RenaissanceRe Holdings Ltd. (NYSE:RNR)

Introduction In this article, we want to shed light on a new Preferred Stock issued by RenaissanceRe Holdings Ltd (RNR). Our goal is purely to inform you about the product while refraining ourselves from an investment recommendation. Even though the product may not be of interest to us and our financial objectives, it definitely is worth taking a look at. The New Issue Before we submerge into our brief analysis, here is a link to the 424B5 Filing by RenaissanceRe…

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SEO Locale to Proudly Join the Jenkintown Community With New Offices on Old York Road – Credit Rating News Today

SEO Locale to Proudly Join the Jenkintown Community With New Offices on Old York Road – Credit Rating News Today – EIN News Trusted News Since 1995 A service for global professionals · Saturday, June 23, 2018 · 452,887,447 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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Austria’s Oberbank set to finance construction of infrastructural projects in Iran

Karbasian, who is in Austrian capital Vienna to participate in 39th Ministerial Meeting of OPEC Development Fund, said that Austria will construct a number of infrastructural projects in Iran using €1 billion worth of finance opened by Oberbank. Construction of an equipped hospital (special of 5th generation) in the field of treatment of cancer and also launch of an iron ore production line are of the salient projects that will be put into operation through Austria’s Oberbank financing scheme, MEAF…

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Goldman Sachs recommends GE suspend dividend

General Electric ended a bad week on an ugly note when Goldman Sachs recommended Friday that the Thomas Edison-founded company suspend its dividend for the first time in 119 years. The bank’s gloomy report came days after the Dow Jones announced it would boot GE from its iconic blue-chip index, where it was the last original member of the 30-company stock gauge. “GE is in a challenging situation,” Goldman analyst Joe Ritchie wrote. Among the bleak prospects for the company…

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Letter: Credit rating nothing to do with mayor

We heard with much flair from Tom Davies Square this week that the City of Greater Sudbury now has an AA credit rating issued by Standard and Poor. Of course, this being a municipal election year, the spin that came out left one with the impression that the reason for this good rating was good financial stewardship and planning on the part of the current council, led by Mayor Brian Bigger. The announcement, and the subsequent spin, highlights a disturbing…

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It may take a calamity to force governments to act on pensions.

In Illinois, even the best-funded public pension systems aren’t well funded at all. Lawmakers have known about this growing crisis for more than two decades but still refuse to act. It’s a head scratcher that’s going to devastate communities and leave future public retirees receiving just pennies on their pension dollars. First, a quick review: • More than 40 percent of Illinois’ cities and villages have municipal pension systems with less than 75 percent of the money needed to fully…

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Challenges may grow with drop in ratings outlook

‘Trade deficit the main reason behind the decline in the ratings outlook’ PHOTO: REUTERS ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has expressed fear over the drop in Pakistan’s credit rating outlook from stable to negative in an assessment given by Moody’s credit rating agency. In a statement, the ICCI termed it an unfortunate development as it indicated further challenges for the national economy and called on the government to take urgent measures to improve the economic outlook. Currency…

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Gov. Rauner’s legacy rests with the U.S. Supreme Court

If you’re being bled dry by taxes in Illinois — or in the 21 other states with powerful public-sector unions — you’ll want to pay attention to the U.S. Supreme Court on Monday. And if you’re among the many thousands who’ve already fled or are thinking about running from this corrupt and broken state in the continuing mass taxpayer exodus, you might be interested as well. Because on Monday, the high court is expected to decide a critically important workers’…

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Audit: County ends 2017 with small surplus – News – Bedford Now – Bedford Township, Michigan

It’s the eighth consecutive year the county has ended its fiscal year in the black and shows good stewardship with taxpayers’ money. Monroe County ended 2017 with an operating surplus of $772,422, the eighth year in a row that it finished the year with a fund balance, according to the annual audit. The amount represents 1.74 percent of the final amended budget for 2017, auditor Mark Kettner told county commissioners Tuesday night. Although the amount is slightly lower than the…

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