Middle East Economic Survey

VOL. LIII

No 20

17-May-2010

UAE

S&P Affirms Ratings Of Three Abu Dhabi GREs

Standard & Poors Ratings Services (S&P) on 12 May affirmed the long and short term issuer credit ratings of three Abu Dhabi government-related entities (GREs), citing the likelihood of extraordinary financial support from the emirates government. International Petroleum Investment Company (IPIC), Mubadala Development Company, and Tourism Investment and Development Company (TIDC) all...