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From Globalarabnetwork.com: Standard & Poor’s Ratings Services said it had taken rating actions on a number of Dubai-based government related entities (GREs) and transactions.
Standard & Poor’s has downgraded DIFC Investments LLC, DP World Ltd., Jebel Ali Free Zone (FZE), Dubai Holding Commercial Operations Group LLC (DHCOG), and Emaar Properties PJSC. All of these entities have been placed on CreditWatch with negative implications……………………………Full Article: Source
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Islamic Finance Briefing - Categorized | Emerging Trends, Finance more
S&P: Several Dubai government-related entities downgraded following debt restructuring
| Posted on 27 November 2009 |
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