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Dec 09 2009

Ratings cut on six firms

Moody's yesterday downgraded the ratings on six government-owned companies, citing government statements that support for state-owned firms was not guaranteed.

Emaar Properties , DIFC Investments , Jebel Ali Free Zone , Dubai Holding Com-mercial Operations Group , DP World and Dubai Elec-tricity and Water Authority all had their ratings cut.

© 7Days 2009

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