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UAE - Moody’s downgrades three Dubai-based banks

Posted on 11 December 2009

From Globalarabnetwork.com: Moody’s Investors Service has today downgraded the ratings of three Dubai-based banks — Emirates NBD, Mashreqbank PSC and Dubai Islamic Bank PJSC.
These ratings were placed under review in August 2009 in response to a weakening of economic conditions in Dubai………………………………Full Article: Source

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


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