19.12.2008 - Outlook for Dubai banks and GREs revised
From Zawya: International rating agencies such as Standard & Poor's, Moody's and Fitch have revised their outlook on the ratings of Dubai-based Government-Related Entities (GREs) and a number of regional banks to negative. S&P has assigned a negative outlook to six Dubai government entities such as DIFC Investments LLC, DP World Ltd, Dubai Holding Commercial Operations Group LLC, Dubai Multi Commodities Centre Authority, Jebel Ali Free Zone (FZE)and JAFZ Sukuk Ltd. All ratings on these entities were affirmed..... Full Article: Source