Monday, March 19, 2007

Islamic banks similar to conventional banks for rating agencies --Fitch

The ratings agency Fitch Ratings released a report a few weeks ago, to which I linked, as well as discussed the reports on rating sukuk and their description of sukuk. The report which I did not discuss, on Islamic bank ratings, is the subject of this article, which provides a good summary.

1 comment:

ilanit said...

Banks are falling over themselves to lend money, at ultra-low interest rates and with no strings attached. And the Los Angeles private equity firms do not even need to have a good credit rating. They secure the debt they borrow on the assets of the companies they buy. With pre-determined debt interest costs, any increase in profits from reducing staff numbers, for example, goes straight to the private equity investors.