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...
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