Tuesday, 6 March 2012

Ratings agencies have no plans to rate UAE, Dubai: Fitch

Ratings agencies have no plans to give the United Arab Emirates or Dubai a credit rating because their governments have not asked to be rated, and their lack of transparency would make a credit assessment difficult, a senior analyst at Fitch said on Tuesday.

There has been speculation in the past year that Dubai might seek a rating, to help with the placement of its international bonds, or that UAE might seek to issue a bond of its own.

Some investors' mandates do not allow them to buy unrated bonds.

No comments:

Post a Comment