Capital Intelligence also affirmed the bank's support rating of 2, which reflects its government ownership
Higher levels of government ownership
interest hold the potential to increase the linkage between the company's structured rating and the rating of the sovereign.
Underscored by its developmental mandate and government ownership
, the bank has benefited from government support through a sizeable recapitalisation exercise (in 2008), loans at preferential rates and compensation for impaired-loan facilities.
Valued in excess of $179 million, this contract transfers all aspects of ownership to AWS as part of the Department of Defense (DoD) Privatization Initiative, a method by which the DoD can obtain safe, technologically current, and environmentally sound utility systems at a relatively lower cost than they would under continued government ownership
The public debt policy establishes a framework for all companies that have direct government ownership
of 50 per cent or higher for public debt issuance (excluding TAQA, IPIC, Mubadala, and TDIC).
At the same time, Capital Intelligence confirmed the bank's support rating of 2, given its majority government ownership
, as well as the short-term foreign currency rating of B.
However, the government ownership
and influence is viewed by the agency as having both benefits and drawbacks for Pertamina's credit quality.
Arab Advisors Group's analysis reveals that "the vast majority of the countries covered, still have full government ownership
of the operational terrestrial TV channels," Miss Abdulhadi added.
The free-float indicates that the indices remove cross-holdings, government ownership
, foreign investment restrictions and strategic holders from the market capitalization weight.
(and availability of support that this implies) assists the Bank in sourcing wholesale funding from companies, government-related entities and financial institutions and positively influences both the stability and the cost of this funding.
Meanwhile, NKBM's current IDRs are underpinned the extremely high possibility of support for the bank from local authorities in case of need, in view of its majority government ownership
and systemic importance.
law, it would acknowledge that Citibank and other private banks -- banks without any government ownership
-- should be the benchmark for measuring the true commercial nature of the overall restructuring.