downgrades

Fitch downgrades China’s outlook to negative on economic growth risks 

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RIYADH: Buoyed by the millions of Umrah performers and worshippers throughout the holy month of Ramadan, Saudi Arabia braces for a surge in travel for Eid Al-Fitr.  The spike is expected to result in a significant rise in the number of arriving and departing passengers from key Umrah airports.  Air travel between the UAE and … Read more

Moody’s downgrades Israel’s credit rating due to Hamas conflict

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WASHINGTON: The US ratings agency Moody’s downgraded Israel’s credit rating Friday due to the impact of its ongoing conflict with Hamas in Gaza, lowering it by one notch from A1 to A2. In a statement, Moody’s said it had done so after assessing that “the ongoing military conflict with Hamas, its aftermath and wider consequences … Read more