Middle East Economic Survey

VOL. LIII

No 10

8-March-2010

UAE

Moodys Downgrades Seven UAE Government Companies

Moodys Investors Service took a number of rating actions on 4 March on seven government-related issuers (GRIs) owned by the Abu Dhabi and UAE governments, concluding its review for downgrade initiated on 9 December (MEES, 14 December). All seven companies saw their ratings downgraded, some by several notches: Mubadala Development Company and International Petroleum Investment Company...