Middle East Economic Survey
Moody's Concludes Review Of Dubai-Owned Companies
Moodys Investors Service concluded on 4 November a review of government-related issuers (GRIs) in Dubai, initiated on 4 August, and resulting in rating downgrades of five of the six rated companies (MEES, 10 August). The A1 ratings of DP World, Dubai Electricity and Water Authority (DEWA) and DIFC Investments (DIFCI) were downgraded to A3. The A3 ratings of Jebel Ali Free Zone (JAFZ) and...