Moody’s places UAE, Qatar and Kuwait’s rating on review for downgrade
Moody’s placed the Aa2 issuer rating of the UAE on review for downgrade. Moody's review will assess the extent of the impact of the further sharp fall in oil prices, which Moody's expects to remain low for several years, on the UAE's economic performance and its government balance sheet over the coming years. Moody’s has also placed Qatar’s Aa2 and Kuwait’s Aa2 rating under review for downgrade. (Bloomberg)
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