Saudi Arabia just got a negative rating from Fitch, from AA to AA-. The downgrade is due to the oil-rich kingdom's decision to slash its average oil price assumptions from $35 to $45 a barrel for 2016 and 2017.
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The new budget for South Africa may witness a major focus on government spending, sluggish global economy and inflation. The debt component is also increasing to about 50 percent of GDP. Global rating agencies have downgraded South Africa's sovereign credit rating.
The volume of maturities of US investment-grade companies during 2016 and 2020 will be $864 billion. This is record high for the US investment-grade companies. However, they can easily access financial markets for refinancing their debt, observes global rating agency Moody's Investors Service.
Warren Buffett, the billionaire head of Berkshire Hathaway, said that a possible standoff on the debt ceiling would be costly.
Danske Bank A/S Chairman Ole Andersen said in an interview with Reuters that the bank has been doing its best to improve its credit ratings, including replacing its former CEO with one who is well-versed in banking.
A Reuters analysis report revealed that Brazil could fail its primary surplus target for 2014 which could downgrade its credit rating.
The credit rating of “AAA” of the US was affirmed by Moody.
Swedbank's rating outlook was raised to stable by S&P.
Nokia's Standard & Poor's rating plummeted further in the junk territory.
Aruba's credit rating now at BBB+ from A- according to Standard and Poor's.
Nestle SA has a AA credit rating from S&P, which would determine the future acquisitions it would be making.
Abu Dhabi's Al Hilal Bank to issue sukuks before end of the year.
