Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Rating Action: Moody's withdraws ratings of three Lebanese banks. Global Credit Research- 30 Jul 2020. London, 30 July 2020-- Moody's Investors Service today withdrew the Caa3 respective long-term local currency deposit ratings of Bank Audi S.A.L., BLOM BANK S.A.L. and Byblos Bank S.A.L. and the banks' Ca long-term foreign currency deposit ratings.
BLOM, the second-largest bank in Lebanon, has historically been one of the more conservatively managed financial institutions in the country, with better than average margins, cost efficiency, asset quality and profitability. The bank had started to deleverage its loan book well before the economic and political crisis snowballed from October 2019 onwards. It had also largely shunned buying US$-denominated domestic sovereign debt. However, through its holdings of central bank US$-instruments ...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of BLOM BANK S.A.L. Global Credit Research- 25 Jun 2020. London, 25 June 2020-- Moody's Investors Service has completed a periodic review of the ratings of BLOM BANK S.A.L. and other ratings that are associated with the same analytical unit.
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