17.02.2010 - Moody's urges debt-laden Dubai World to sell assets

From Indiatimes.com: Dubai World will have to sell more assets in order to restructure about 22 billion dollars of debt owed by the state-owned conglomerate's subsidiaries, global ratings agency Moody's said. "We believe that further major asset sales will constitute one of the conditions of any amicable restructuring agreement with Dubai World's creditor banks," said Philipp Lotter, senior vice president of Moody's in Dubai........................................Full Article: Source

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