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Fitch maintains five Dubai-based banks’ individual ratings on watch negative

Posted on 17 December 2009

From Globalarabnetwork.com: Fitch Ratings has today maintained the Individual ratings of five Dubai-based banks on Rating Watch Negative (RWN) to allow the agency more time to assess ongoing developments at Dubai World (DW) and their impact on the wider Dubai economy.
Fitch expects to resolve the rating watches over the next two-to-three months, allowing time for more information to arise and for the agency to review all of the rated banks’ audited 2009 financial statements………………………………..Full Article: Source

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