16.12.2008 - Moody's downgrades outlooks for UAE banks

From Arabianbusiness.com: Moody’s Investors Services has revised down the outlooks on the ratings of four major UAE banks. The agency’s Dubai International Financial Centre office of has downgraded the rating outlooks for Abu Dhabi Commercial Bank, First Gulf Bank, and Dubai Islamic Bank have been changed to ‘negative’ from ‘stable’, while the rating outlook on Dubai Bank has been changed to ‘stable’ from ‘positive’..... Full Article: Source

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