Moody's: Dubai International restructuring is positive

Moody's Investors Service said that it views Dubai International Capital's April 5 announcement that it concluded a restructuring of $2.5 billion of its liabilities with lenders as credit positive for Dubai Holding Commercial Operations Group LLC.

The restructuring effectively extends Dubai International's debt maturity profile.

Moody's said it sees the agreement as credit positive because it reduces the risk of negative interference linked to Dubai Holding's parent, Dubai Holding LLC, and it improves the parent's ability to meet its commitments toward Dubai Holding.

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