Malaysia-based ratings agency
, RAM Ratings has said that the growth of the Islamic banking sector is expected to remain the same in 2019 compared to 2018.
Rebecca Spong Ratings agency
Moody's Investor Service has downgraded HSBC Middle East's rating by one notch.
The government said on Saturdayit was satisfied with the latest upgrade of the Cypriot economy by the ratings agency
Standard & Poor`s.
Pitching itself as a new international credit ratings agency
, ARC hopes also to take clients from Standard & Poor's (S&P), which along with Fitch and Moody's, faced heavy criticism following the financial crisis.
The agreement will underlie the joint conduct of ratings of Islamic Financial Institutions, with international and national scale assessments being carried out jointly, and fiduciary assessments including Shari'a governance, being conducted by IIRA, said the Manama-based ratings agency
In this capacity, Michael was tasked with the communication of the ratings agency
's mission to all constituents including investors, intermediaries, issuers, the media and government regulatory bodies.
More specifically, on the thorny question of limiting the participation of shareholders in different credit ratings agencies (limitation of cross-shareholding), the Council and Parliament have agreed on the following measure: an investor who holds a share of at least 5% in a credit ratings agency
will not be authorised to hold shares of 5% or more in anotherratings agency.
Q What's a ratings agency
? A Credit rating agencies are those organisations which assess the credit worthiness of bond issuers - companies or countries who borrow money by issuing IOUs, known as bonds.
An EU spokesperson for economic affairs declined Tuesday to comment on a warning yesterday by credit ratings agency
Standard Poor's that six eurozone countries with a triple-A rating face being downgraded within three months."You are well aware that we don't comment on rating agencies ratings," EU spokesperson Amadeu Altafaj told a news conference."This is a very important week for our response to the crisis.
The first ratings agency
, Moody's, began in 1907, mainly to rate railroad bonds.
Standard & Poor's stipulates in its own materials that it will only give a credit rating "when there is adequate information available to form a credible opinion and only after applicable quantitative, qualitative, and legal analyses are performed." (41) The courts have recognized that agencies "are expected to look beyond the financial reports in assessing an issuer." (42) This Comment argues that the fundamentally qualitative aspects of the ratings industry justify criminal liability when a ratings agency
recklessly manipulates the qualitative inputs.