Thursday 17 February 2011

Analysts diverge over DHCOG - The National

International credit rating agencies remain concerned about the extent of Dubai Inc's exposure to the emirate's depressed property market.

Fitch Ratings and Moody's Investors Service issued reports on Dubai Holdings Commercial Operations Group (DHCOG) highlighting its property problems.

DHCOG is a unit of the Dubai Holding conglomerate, which is owned by Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai.

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