The region's first full-service credit ratings agency has been set up by Amani Bouresli, a Kuwait University finance professor as an alternative to the big three agencies that dominate the Gulf, The National has reported. Capital Standards was incorporated and licensed last year in Kuwait and is preparing to assign its first ratings. A ratings scale ranging from "AAA" to "D" has been established, along with guidelines for gauging the risk that companies and governments will default on debt.
You might also like...
Contractors win Oman Etihad Rail packages
23 April 2024
Saudi market returns to growth
23 April 2024
Middle East contract awards: March 2024
23 April 2024
Swiss developer appoints Helvetia residences contractor
23 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.