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

Breaking news - 16 July 2009

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...

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