Middle East Economic Survey

VOL. LIII

No 5

1-Feb-2010

UAE

Rating Withdrawn On Dubai Company

Standard & Poors Rating Service last week lowered and then dropped a rating on a Dubai company owned by its ruler, Shaikh Muhammad bin Rashid Al Maktum, citing a lack of information. The rating on Dubai Holding Commercial Operations Group (DHCOG) was cut to B from BB+, because the agency was no longer factoring in the potential for government support, was then withdrawn because of...