Central Bank’s new mortgage rules will boost risk profiles of UAE lenders and developers | The National:
"The Central Bank’s new mortgage rules will boost the long-term credit risk profiles of UAE banks and property developers, says Standard & Poor’s.
However, the credit ratings agency said in its report released yesterday that new guidelines on mortgages issued by the Central Bank last month would not have an immediate impact on the credit ratings of banks and property developers that it covered.
The regulations, which introduced caps on home loans for the first time, would be beneficial for banks and developers in the long term, said the S&P credit analyst Timucin Engin."
'via Blog this'
No comments:
Post a Comment