Financial services
Ghana's economy is undergoing a positive transformation, according to President John Dramani Mahama, who credited the government and the Bank of Ghana for their efforts in elevating the country's credit ratings. The improvement in macroeconomic indicators has been a notable shift from the economic state of
Financial services
The downgrade of Afreximbank by Fitch, Africa's frontline trade finance bank, has sparked concerns about the consequences for financing trade, economic growth, poverty alleviation, and infrastructure development in Africa. The banking institution has been pivotal in de-risking financial flows into the continent, making it a crucial player in
Financial services
Ghana's progress in implementing decisive fiscal and debt management measures has been vindicated by global ratings agency Fitch, which recently upgraded the country's Long-Term Foreign-Currency Issuer Default Rating (IDR) from 'Restricted Default' to 'B-' with a Stable Outlook. This upgrade is a
Financial services
Prime Holding, a prominent entity within the non-bank financial services sector, has shown significant trading activity on the Egyptian Exchange (EGX) as of June 16, 2025. The company's stock is traded in the Egyptian Pound with a par value of 1.000, and it has issued 350 million
Financial services
The Global ABS 2025 conference in Barcelona, held on June 10-12, saw a record 5,000+ registered attendees, including over 2,000 issuers and investors, marking its 29th anniversary as the largest European structured finance conference. The event, organized by FT Live, following its takeover of Invisso, highlighted the growth
Moody's Investors Service Inc.
Moody's Investors Service has recently upgraded the ratings of 25 bonds from five US residential mortgage-backed transactions (RMBS), backed by Alt-A, Option-ARM, prime jumbo, and subprime mortgages issued by multiple issuers. The rating actions reflect the current levels of credit enhancement available to the bonds, recent performance, and
Financial services
Kroll Bond Rating Agency (KBRA) has assigned preliminary ratings to four classes of notes issued by Upstart Securitization Trust 2025-2, a $294.51 million consumer loan ABS collateralized by unsecured consumer loans. This transaction represents the 46th ABS securitization collateralized by unsecured consumer loans originated through the online platform operated
Moody's Investors Service Inc.
The New York City Housing Development Corporation (the Corporation) has issued its second series of Housing Impact Bonds, with Moody's Investors Service assigning an Aa2 rating to the proposed $85 million Housing Impact Bonds, 2025 Series A (Sustainable Development Bonds) and $163.4 million Housing Impact Bonds, 2025
Financial services
Alkhaleej Takaful, a company listed on the Qatar Stock Exchange, has garnered attention for its financial performance metrics as of June 12, 2025. The company, categorized under the insurance and financial services sector, boasts several key financial indicators that are drawing attention from investors and analysts. With a dividend yield
Financial services
QALA For Financial Investments, a leading player in the Egyptian non-bank financial services sector, has released its financial performance data as of June 12, 2025, revealing a substantial presence in the market. The company operates within the Main Market of the Egyptian Exchange (EGX) and has a total of 401,
Financial services
CI Capital Holding For Financial Investments, a prominent non-bank financial services player on the Egyptian Exchange (EGX), has shown varied performance metrics. The company's stock, traded in Egyptian Pounds, has a par value of EGP 1.00 with shares totaling 1.00 billion and a paid capital of
Moody's Investors Service Inc.
Moody's has assigned an A3(hyb) rating to the proposed USD-denominated junior subordinated capital securities to be issued by Hanwha Life Insurance Co., Ltd. The perpetual securities have a rolling 30-year maturity and callable after five years, subject to prior approval from regulatory authorities in Korea. The net
