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Islamic Finance Briefing - Categorized | Banking, Performance more

Fitch cuts Dubai Holding bank unit

Posted on 26 May 2010

From Reuters: Ratings agency Fitch downgraded Dubai Bank on Tuesday as concerns mount that other Dubai companies to which it is connected, including its owner, state conglomerate Dubai Holding, face financial difficulties.
Fitch cut its individual rating on Dubai Bank to ‘D’, which means there are concerns regarding its profitability and balance sheet integrity, management, operating environment or prospects, according to the agency’s website……………………………………….Full Article: Source

 
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