| From Bloomberg: Dubai World’s debt reorganization is unlikely to hurt sovereign credit ratings of the United Arab Emirates and Abu Dhabi since assets at that sheikhdom’s wealth fund exceed the country’s debt, Moody’s Investors Service said.
The Abu Dhabi Investment Authority, the emirate’s sovereign wealth fund, has assets amounting to more than twice the value of the sheikhdom’s economic output, Moody’s said today, citing “verbal assurances” from the government this month..................................Full Article: Source
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