Moody's likely to downgrade Dubai's DHCOG, UAE Investment Companies, Banking & Investment - Maktoob Business

Credit rating agency Moody's is likely to downgrade Dubai Holding Commercial Operations Group shortly due to spillover risks from the restructuring at its parent Dubai Holding, a Moody's analyst said on Monday.

The potential move would further compound looming problems at Dubai Holding, which spans financial investments, hospitality and real estate and is owned by the emirate's ruler Sheikh Mohammed bin Rashid Al Maktoum.

"It is likely to be downgraded, it will be sooner (rather) than later," Martin Kohlhase, assistant vice president and analyst for corporate finance at Moody's, told Reuters.