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Moody`s may downgrade Dubai companies and related Sukuk

Tue, 2009-02-03 16:16 — IslamicFinance.de

Moody's may downgrade its debt and Sukuk ratings of six Dubai companies, including DP World and Emaar Properties by as much as two notches each following a review in the coming weeks.

In addition to Emaar and DP World, Moody's said it was reviewing ratings of DIFC Investments, Dubai Holding Commercial Operations Group, Dubai Electricity and Water Authority (DEWA) and the Jebel Ali Free Zone (JAFZA).

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http://www.bi-me.com/main.php?c=3&cg=2&t=1&id=30915