26.11.2009 - S&P downgrades Dubai govt entities on debt worry
From Reuters: Standard & Poor's on Wednesday downgraded its ratings on several Dubai government-related entities after the government said it will ask creditors of two flagship firms for a standstill on billions of dollars of debt. The government said the request is a first step toward restructuring Dubai World, the conglomerate that spearheaded the emirate's breakneck growth...............................Full Article: Source
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