Sunday, November 29, 2009

Moody's: UAE banks with largest exposures to Dubai World remain on review

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Sunday 29 November: Volume 70 - Issue 440

Moody's: UAE banks with largest exposures to Dubai World remain on review
2009-11-29
Based on an initial assessment of the exposures of rated banks in the United Arab Emirates (UAE) to Dubai World and its subsidiary Nakheel, Moody's Investors Service says that it will not implement any rating changes for now given that the banks that have sizeable exposures to Dubai World are either already on review for possible downgrade or carry a negative outlook on their deposit ratings.

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