Summary: Singapore, June 21 (ANI): Moody's Investors Service on Friday assigned a
Baa3 rating to the proposed senior unsecured bonds of Adani Ports and Special Economic Zone (APSEZ).
"IAG's
Baa3 rating reflects its highly diverse and extensive global route network with strong market positions.
Moody's Investors Service on Thursday assigned a
Baa3 rating to the US dollar benchmark offering of senior secured notes due 2023 and 2028 Oztel Holdings SPC Limited plans to issue with an unconditional and irrevocable guarantee by Omantel.
It has a Baa3/P-3 rating on the Delhi-based lender now while it has a
Baa3 rating on its foreign currency issuer rating.
The agency has a Baa3/P-3 rating on the Delhi-based lender and it has a
Baa3 rating on its foreign currency issuer rating.
In the meantime, South Africa maintains credit strengths that still support its
Baa3 rating. These include deep domestic financial markets and a well-capitalized banking sector; a well-developed macroeconomic framework; and low foreign currency debt.
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The ratings agency is opting to keep Turkey at its
Baa3 rating after having passed several times on making a rating adjustment this year.
All long-term deposit, issuer, and senior unsecured debt ratings for the four Bahraini banks carry negative outlooks, aligned with the negative outlook on Bahrain's
Baa3 rating. The negative outlooks signal the risk of a further potential reduction in authorities' capacity to support the banking system.
" Our positive rating outlook for India reflects our view that the probability has now increased that over the next 12- 18 months India's sovereign credit fundamentals will improve to levels consistent with a rating higher than its current
Baa3 rating." Moody's also said that the Indian economy is still heavily exposed to external and financial shocks because of which it has maintained ' Baa3' rating for the country.
In Moody's view, the transaction will limit DP World's ability to make material acquisitions over the next several years, if it plans to maintain its credit metrics within the level commensurate with its
Baa3 rating.
