Ratings agency Standard & Poor's believes the impact of ongoing Dubai restructurings on local banks it rates is "manageable", analysts at the company said on Wednesday.
Banks in the United Arab Emirates are understood to be exposed to heavily indebted state-linked entities, several of which are in discussions with lenders to restructure loans.
"The impact (of the restructuring) will be higher on non-rated banks. The exposure of rated banks to the recent restructurings is somewhat manageable compared to the non-rated banks," said Goeksenin Karagoez, credit analyst at S&P, on a conference call.
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