Downgrades for Dubai GREs over state support worry

Concerns about Dubai’s government-related entities were reawakened on Tuesday when Standard & Poor’s downgraded three of them and cast doubt about the state’s willingness to help them repay their debt.

  • 30 Jun 2009

DP World and Jebel Ali Free Zone (Jafza) were downgraded from A to BBB+, while Dubai Multi Commodities Centre Authority fell five notches from A- to BB.

The moves were a response to concerns that Dubai’s rulers will not support Nakheel, the state-owned property group that has a $3.5bn ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
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5 Credit Suisse 9,276.87 26 5.84%