Moody May review Dubai Companies
Moody is reviewing credit rating for some companies in Dubai.? Dubai Travel News Site mentions theat “The six companies under review include, global port operator DP World and Emaar Properties, the property developer building the nearly complete world’s tallest building in the heart of the city.
A downgrade could make loans tougher to get and increase the companies’ borrowing costs at a time when the brash Middle East boom town is grappling with falling property values and an exodus of laid-off foreign workers because of the financial slump”
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