Wednesday, 1 February 2012

TEXT-S&P afrms Dubai's DIFC Investments 'B+/B' rtgs | Reuters

-- We have raised our view of the likelihood that the Dubai government would provide timely and sufficient extraordinary support to Dubai-based DIFC Investments to "very high" from "high".

-- We have lowered our assessment of DIFC Investments' stand-alone credit profile to 'ccc-' from 'ccc+' due to further delays in asset disposals and a reassessment of the likely magnitude and timing of disposal proceeds.

-- We are affirming our 'B+' long-term and 'B' short-term ratings on Dubai-based DIFC Investments LLC.

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