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Abu Dhabi ‘likely to suffer contagion from Dubai’

Posted on 01 December 2009

From Tradearabia.com: Contagion effects for Abu Dhabi from the restructuring of Dubai World debt will be ‘unavoidable’, ratings agency Moody’s said on Monday, and the restructuring could lead to downgrades for UAE bank ratings.

‘The contagion effect for Abu Dhabi will be unavoidable, as doubts will be raised as to how Dubai is going to finance its growth,’ Moody’s analysts said in a weekly note…………………………….Full Article: Source

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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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