Ratings agency Standard and Poors does not plan changes to its ratings of United Arab Emirates banks, several of which have exposure to Dubai World, after renewed statements of support from the central bank.
"From our understanding of the statement today central bank support for UAE banks is not something new and we already factor in exceptional support for the banks in our ratings," said Emmanuel Volland, senior director for financial institutions ratings at the agency.
"So, at present there is no rationale to change the notchings for UAE banks."
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