Comment & Analysis
Islamic Finance
Uncategorized
Strong sovereign support continues to drive most Islamic bank ratings
The Issuer Default Ratings (IDRs) of Islamic banks in the Gulf Cooperation Council (GCC) region are all investment grade, Fitch Ratings said, with 89% of IDRs driven by potential sovereign support either directly or through a parent. The remaining 11% are driven by banks' standalone creditworthiness, as defined by their…
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