| From Khaleejtimes.com: Standard & Poor’s Ratings Services has downgraded the rating of government-owned flagship entities DP World, Dubai Multi Commodities Centre Authority and Emaar properties by one notch.
“We do not incorporate into the ratings on these entities any expectation of extraordinary support from the government of Dubai,” the rating agency said in its rating action. The ratings on DIFC Investments LLC and JAFZ Sukuk Ltd remain on CreditWatch with negative implications, the Standand and Poor’s Credit Rating agency said.................................................Full Article: Source
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