Middle East Economic Survey
Moodys Downgrades DHCOG Issuer Ratings
Moodys Investors Service has downgraded the senior unsecured issuer and debt ratings of Dubai Holding Commercial Operations Group (DHCOG) from B2 to B1, it said on 30 June. The ratings agency cited the continued negative impact that the challenging conditions in Dubais real estate market are having on the groups financial portfolio as the primary reason for the downgrade. The companys real estate...