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Fitch Ratings has today downgraded the rating on the senior notes issued by Russian Factoring No. 1 S.A. (the issuer) to 'C' from 'B', removed the Rating Watch Negative (RWN), and assigned a Recovery Rating of 'RR6'. The rating on...
#liquidity#receivables#risk
Egypt's Industrial Modernization Programme has created the first private equity fund aimed at solely benefiting local SMEs. (more…)
#bank#bank loan#international
UK prosecutors harness a new weapon in their fight against financial fraud. (more…)
#crisis#frauds#MAN
Twenty percent of SMEs in risk of going under a shortfall in funding presents serious difficulties for the economy. (more…)
#bankruptcy#funding#interest rate
More directors are suspended at the Cattles group as the company considers selling its invoice finance arm. (more…)
#Deloitte#financial services#invoice
The Chinese government is extending billions in government-backed bank loans to help struggling SMEs. (more…)
#bank#Bank of China#conference
The African Development Bank is looking to promote Egyptian franchising and the establishment of solid local financial instruments. (more…)
#African Development Bank#bank#financial services
KBC downsize structured trade finance office. (more…)
#bank#investment#KBC
European Commission recommends pan-European financial risk watchdog. (more…)
#bank#European Commission#risk
In a survey of factors Factorscan asked to what extent reductions in global credit insurance cover were having an impact…
#Accord Financial#risk#risks
Two US factors have refused to provide funding to Barneys after claiming that the comapny is providing insufficient information on its…
#credit risk#funding#liquidity
Statistics show that leasing and asset finance for capital investment fell during 2008. (more…)
#economy#funding#leasing
Swiss Re. was forced to admit record losses after having tried and failed to restore confidence and profits in its…
#bank#conference#guarantees