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Moody's Downgrades Dubai's Emirates NBD, Mashreqbank, CBD on Problem Loans

Moody's Downgrades Dubai's Emirates NBD, Mashreqbank, CBD on Problem Loans

Old Dec 9th 2012, 5:22 am
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Default Moody's Downgrades Dubai's Emirates NBD, Mashreqbank, CBD on Problem Loans

DUBAI (Zawya Dow Jones)--Credit rating firm Moody's Investors Service has downgraded three Dubai-based banks and put a fourth on watch for a possible downgrade owing to high levels of problem loans.

http://www.zawya.com/story/Moodys_Do...0121207000074/



No problems here of course.
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Old Dec 9th 2012, 5:29 am
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Default Re: Moody's Downgrades Dubai's Emirates NBD, Mashreqbank, CBD on Problem Loans

Originally Posted by Millhouse View Post
DUBAI (Zawya Dow Jones)--Credit rating firm Moody's Investors Service has downgraded three Dubai-based banks and put a fourth on watch for a possible downgrade owing to high levels of problem loans.

http://www.zawya.com/story/Moodys_Do...0121207000074/



No problems here of course.
Yep. No problems here. <whispers> How much is being borrowed for all the new construction projects?

Last edited by al dente; Dec 9th 2012 at 5:30 am. Reason: tone all wrong, i was agreeing with you.
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Old Dec 9th 2012, 5:58 am
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Default Re: Moody's Downgrades Dubai's Emirates NBD, Mashreqbank, CBD on Problem Loans

Originally Posted by al dente View Post
Yep. No problems here. <whispers> How much is being borrowed for all the new construction projects?
Nothing........... yet. That (indirectly) is part of the problem - banks are limited (in terms of percentage of total assets) in how much they can lend to each sector (e.g. real estate, construction, etc) - and they are mostly still 'full up' from the last property boom...........
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