Dubai's government is yet to decided whether to seek a sovereign rating after announcing plans to speak with agencies late last year.
"No decision has been taken on a sovereign rating," a Dubai Department of Finance spokesman told Zawya Dow Jones Wednesday. The spokesman declined to comment further on the matter.
Indecision on seeking a sovereign rating could be a sign that Dubai will turn to regional investors, such as banks or sovereign wealth funds, to buy its next $10 billion bond to help struggling government companies, bankers and analysts say.
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