Debt repayments of Dubai-based GREs through 2012 amount to nearly US$50 billion, says S&P

A report published today by Standard & Poor's Ratings Services answers questions related to its view on the likelihood of extraordinary government support for Dubai-based government related entities (GREs), and what factors may affect this in the future.

Specifically, the report answers the following questions:

• What are Standard & Poor's current expectations regarding the likelihood of extraordinary support from the Government of Dubai for its GREs
• What track record does the Government of Dubai have in supporting its GREs?
• To what extent are the ratings affected by Dubai's challenging debt burden?
• How might the GRE issuer credit ratings be affected by a restructuring of debt in an unrated GRE?
• How might the Nakheel repayment affect the GRE issuer credit ratings?
• Does Standard & Poor's believe the Government of Dubai has the resources to support its GREs?

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