The cost of insuring Dubai’s debt against default has dropped by almost half since the peak of a crisis in 2009 as recent restructuring progress and a more positive global outlook cheer investors.
It reflects a growing faith in the emirate’s ability to repay debts falling due this year. “It’s a positive sign in terms of global investor faith in Dubai,” said Nick Stadtmiller, the head of fixed income research at Emirates NBD………………………………………..Full Article: Source