Middle East Economic Survey
VOL. LII
No 34
24-Aug-2009
UAE
Moodys Places Four UAE Banks On Review For Possible Downgrade
Moodys Investors Service on 10 August placed the ratings of four UAE-based banks on review for possible downgrade due to the rising challenges facing the sector, mainly triggered by the stressed domestic property market (especially in Dubai), as well as the economic slowdown forecast for 2009 with a modest recovery in 2010. The four banks affected are Emirates Bank International...
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