Moody's confirms Dubai Holding

Moody's Investors Service said it confirmed the B2 corporate family rating for Dubai Holding Commercial Operations Group LLC, the B3 probability-of-default rating and the B3 ratings for multi-currency debt instruments issued by Dubai Holding Commercial Operations MTN Ltd.

The outlook is negative. The action concludes the review.

Moody's said there is value in the company's solid asset base, that it is moderately leveraged and that the group's core assets have performed well throughout the downturn and remain at the heart of the economy.

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