S&P in the right, UAE in the wrong — poll results

Voters in out latest online loans poll came out in support of S&P’s move to downgrade government-related entities in Dubai over concerns about Nakheel’s ability to refinance its debt. Despite a handful of bankers dismissing the rating agency’s decision two weeks ago, 50% of voters argued that Nakheel could indeed default, while another 41% laid the blame for the downgrades at the feet of the United Arab Emirates authorities.