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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Performance more

Nakheel bond ‘litmus test’ for Moody’s Dubai ratings

Posted on 11 June 2009

From Bloomberg: Nakheel PJSC, which has to repay a $3.5 billion Islamic bond in December, will be a “litmus test” for the six Dubai-owned companies assessed by Moody’s Investors Services Inc., the ratings company said.

“What happens at Nakheel will affect the six ratings that we have for Dubai,” Philipp Lotter, a Dubai-based analyst at Moody’s, which does not have a rating for Nakheel, said at a conference in the sheikdom……..Full Article: Source

 
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