موديز قد تخفض تصنيف اعمار ودبي العالمية

Moody’s May Downgrade Emaar, DP World, 4 Other Dubai Companies

By Shaji Mathew

Feb. 2 (Bloomberg) — DP World Ltd., Emaar Properites PJSC and DIFC Investments are among six Dubai government-owned companies whose debt and sukuk ratings were placed on review for possible downgrade at Moody’s Investors Service Inc.

The rating action was “primarily motivated by the deterioration in Dubai’s macro-economic outlook,” Moody’s said today in an e-mailed report. “Dubai’s open economy has been hit harder by the global economic and financial crisis than most others in the region, largely because of its higher leverage, concentration in cyclical sectors, and more limited fiscal resources.”

To contact the reporter on this story: Shaji Mathew in Dubai at shajimathew@bloomberg.net

Last Updated: February 2, 2009 06:37 EST