04.12.2009 - Fitch, S&P cut more Dubai unit ratings to junk
From Reuters: Rating agencies lowered several more Dubai-related entities to junk on Wednesday, over concerns the government will not back Dubai World and its debt obligations. Fitch Ratings on Wednesday lowered its long-term issuer default rating and senior unsecured rating for Dubai Holding Commercial Operations Group to junk, due to concern about government support for its debt..................................Full Article: Source
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