Middle East Economic Survey

VOL. LIII

No 15

12-April-2010

UAE

Moodys Confirms DP World Issuer And Sukuk Ratings

Moodys Investor Services confirmed on 7 April its Ba1 issuer and sukuk ratings for Dubai World subsidiary DP World, with a stable outlook. The agency previously downgraded the companys ratings and placed them on review for another possible downgrade in December as a result of widening reductions in government support for government-related issuers (GRIs) and concerns over the...