| From Maktoob.com: Moody's Investors Service Thursday downgraded the ratings of seven Abu Dhabi-based companies it had put on review in December by a notch or more saying there's "no explicit formal" government guarantee to support them.
Moody's, in an emailed statement, said it lowered Mubadala Development Co.; International Petroleum Investment Co., or IPIC; Tourism Development and Investment Co., or TDIC; Abu Dhabi National Energy Co., or Taqa; Emirates Telecommunications Co., or Etisalat; Dolphin Energy; and Aldar Properties...............................................Full Article: Source
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