Qatar cut to AA- by Fitch with no end in sight to Gulf dispute

Qatar’s sovereign rating was cut to AA- by Fitch Ratings, which cited little progress toward ending a Saudi Arabia-led embargo of the emirate. Fitch lowered the Gulf state’s sovereign long-term debt rating by one notch, putting it on par with Belgium and South Korea. The outlook is negative, the New York-based firm said in a […]

Heineken speeds past rivals on strong growth in Asian demand

Heineken NV, the world’s second-largest brewer, outshone rival consumer-goods companies in the first six months of the year as emerging economies in Asia and Africa drove growth, Bloomberg report says. Revenue increased 5.7 percent in the first half as the Dutch brewer took the crown as the industry’s best performer from Budweiser-maker Anheuser-Busch InBev NV. […]

Fitch downgrades Nestle issuer-default rating to AA- with stable outlook  

Fitch Ratings has downgraded Nestle SA’s (Nestle) long-term issuer default ratings (IDR) and senior unsecured ratings to ‘AA-‘ from ‘AA’, and affirmed the company’s short-term IDR at ‘F1+’. However, the company’s outlook on the long-term IDR remains stable. The downgrade follows Nestle’s announcement of a CHF20 billion share buy-back programme commencing from 4 July 2017. […]