Standard and Poor's

Standard and Poor's latest

An increase in the risks related to the country’s considerable external debt and the weakening in previously supportive credit fundamentals were the main factors for the rating cut. (File photo)

September 25th, 2016 - 06:30 GMT

Turkey's credit rating downgraded to junk status in coup aftermath

Moody’s Investors Service has downgraded the government of Turkey’s long-term issuer and senior unsecured bond ratings to Ba1 from Baa3 amid increased political turmoil following the botched coup last month.

The recent attempted coup in Turkey has sent shockwaves through the country. (AFP/File)

August 2nd, 2016 - 11:00 GMT

Turkey’s coup cost the country “100 billion dollars” says minister

Given the current budget deficit, the government is expected to continue with a number of reform measures, bearing political risks, so as to reduce expenses according to S&P. (File photo)

May 16th, 2016 - 08:00 GMT

No respite in sight for Egypt's currency crisis: S&P

Saudi Arabia is reportedly seeking a bank loan of between $6B-$8B, in what would be the first significant foreign borrowing by the kingdom's government for over a decade. (File photo)

April 13th, 2016 - 06:00 GMT

Low oil continues to bite as Saudi suffers Fitch downgrade

HSBC slashed its price targets on Emaar and Damac Properties as its property analyst estimates a 20 per cent fall in sales. (File photo)

March 1st, 2016 - 05:00 GMT

Fear factors: Six shadows over the GCC property and credit cycle

February 23rd, 2016 - 12:00 GMT