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.
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