Middle East Economic Survey

VOL. LIII

No 15

12-April-2010

UAE

S&P Downgrades Dubai GREs, Abu Dhabi GRE Ratings On Review

Standard & Poors Ratings Services (S&P) has downgraded the ratings of three Dubai government-related entities (GREs) and placed four Abu Dhabi GREs on credit watch with negative implications, it said on 7 April. Dubai World subsidiary DP World was downgraded from BB+/B to BB/B, with a negative outlook, while Dubai Multi Commodities Center Authority (DMCC) was...