Middle East Economic Survey
Dubai Debt Refinancing Risks Remain, Says Moodys
The debt profile of Dubai state-owned companies has evolved but refinancing risks remain, according to Moodys Investors Service. In a report published 6 December the rating agency said that the Dubai government and its state-owned non-financial corporate had made significant progress in tackling maturing debt. However, said the report, in view of the companies continued medium term...