Standard & Poor’s warns on RAK rating as it questions population data | The National

Standard & Poor’s warns on RAK rating as it questions population data | The National:



"Standard & Poor’s says it might downgrade its rating for Ras Al Khaimah and has questioned population data provided by the emirate’s government.



S&P said that there was a one-in-three chance that it would downgrade RAK’s A/A-1 rating over the next two years after the emirate published official figures suggesting that its population had increased by nearly 50 per cent in three years. 




S&P is downgrading the emirate’s bond rating outlook from stable to negative."



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