Middle East Economic Survey
VOL. LII
No 18
04-May-2009
UAE
New Credit Ratings Issued On Abu Dhabis IPIC
Three leading rating agencies on 27 April issued new credit ratings for Abu Dhabi state investment arm International Petroleum Investment Company (IPIC). The ratings are closely aligned with the high investment-grade sovereign ratings held by the government of Abu Dhabi, given the strategic role played by IPIC in Abu Dhabis hydrocarbon industry and the governments policy of safeguarding...
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