Middle East Economic Survey
VOL. LIII
No 22
31-May-2010
UAE
Fitch Downgrades Dubai Bank Ratings
Fitch Ratings on 25 May downgraded UAE-based Dubai Banks (DBs) individual rating to D from C/D, while maintaining it on Rating Watch Negative (RWN). Simultaneously, DBs long-term issuer default (IDR) of BBB-, short-term IDR of F3, support rating 2 and support rating floor of BBB- have all been affirmed. The outlook on the long-term IDR is negative. The downgrade of the individual rating reflects DBs...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!