S&P downgrades six Dubai Cos. credit ratings
Updated at: 1059 PST, Wednesday, March 18, 2009
DUBAI: Standard & Poor's downgraded the credit ratings of six Dubai companies. S&P said that the companies downgraded would remain in the investment grade. DIFC Investment, D.P. World, Jaba Ali Free Zone and its associates Sakuk, Dubai Multi-commodity Centre and Dubai holding Commercial Group were included among those, whose credit ratings downgraded.The report said that credit ratings expected to be further slashed in the wake of global slowdown