UK Credit Rating Set for Downgrade Under Lib-Lab Deal, City Analysts Warn
THE GUARDIAN: Lab-Lib government the least liked option by markets and would almost guarantee a downgrade of UK debt – BNP Paribas

Britain would most likely suffer an expensive and potentially damaging downgrade to its debt rating if the Liberal Democrats form a coalition with Labour, City analysts warned today amid ongoing uncertainty about the creation of a new government.

As the Institute of Directors called on political parties to focus on the economy rather than the need for electoral reform, analysts at BNP Paribas reckoned that a "Lab-Lib government is the least liked option by markets and would almost guarantee a downgrade of the UK sovereign [debt]".

The top-notch AAA debt rating that the UK currently holds ensures that the country achieves the most competitive rates when raising money on the financial markets. If the rating is cut then the country would be forced to pay more to borrow money - although it has a long way to fall before reaching the junk status assigned to Greece, the recipient of a €110bn (£94bn) bailout package from the International Monetary Fund and eurozone countries. >>> Jill Treanor | Tuesday, May 11, 2010

BNP Paribas Wins Islamic Finance House of the Year 2008 Award
AL BAWABA: البوابة :BNP Paribas - a European leader in banking and financial services and one of the largest international banking networks - won the 2008 award of the most innovative Islamic Finance House of the Year 2008 at the recently concluded Banker Investment Banking Awards in London.

BNP Paribas’ Islamic Banking Unit, Najmah, since then, was established in Bahrain in 2003, and since then, the team has demonstrated financially innovative ideas and has been first to market with a cross-border equity linked product, an Islamic structured product in South East Asia and a Sharia-compliant exchange traded fund based on global index.

BNP Paribas offers a full complement of Shariah compliant services to corporate and institutional clients covering sukuk, equity derivatives, credit derivatives, interest rate & currency hedging, asset management, asset securitization, real estate, murabaha financing, structured finance, project finance and export credit facilities.

To ensure that BNP Paribas’ products and services comply with Islamic guidelines, the bank works in close consultation with a dedicated Sharia Board comprising eminent highly commended scholars including Sheikh Nizam Yaquby (Bahrain), Dr. Abdul Sattar Abu Ghuddah (Saudi Arabia) and Dr. Mohammed daud Bakar (Malaysia). >>> | October 23, 2008

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