Several large Dubai companies are expected to face debt repayment challenges until the end of next year because of weakness in the property market, according to Moody's Investors Services.
Jebel Ali Free Zone, DIFC Investments and Dubai Holding Commercial Operations Group (DHCOG) would have to meet large maturing debt repayments over the next 18 months, the ratings agency said in a report released yesterday.
"The critical question here is whether Dubai's desire or willingness to support these entities will be matched by an ability to provide support," the report said.
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