Here's a Sign That Dubai Is No Longer the U.A.E.'s Problem Child - Bloomberg

Here's a Sign That Dubai Is No Longer the U.A.E.'s Problem Child - Bloomberg:

"To see how far Dubai has come, take a look at its credit default swaps. The extra cost investors pay to insure the sheikhdom’s bonds versus those of its oil-rich neighbor, Abu Dhabi, has fallen below 60 basis points this month for the first time on record. That’s down from 555 basis points back in 2009, when Dubai’s government-related companies were in talks to restructure billions of dollars in debt and Abu Dhabi came to the emirate’s rescue with a bailout."



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