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The Cost of Dubai is Worldly

Dec 08, 2009By

In the latest blow to the global capital and commercial markets, Moody’s Investors Service today downgraded all six Dubai government-related issuers. At this point Dubai’s woes are well documented, even though financials anticipated the nonpayment of Dubai World, or at least related entities, for quite some time. Nonetheless, experts interviewed for this piece by HousingWire indicate that troubles in the Emirate are expanding to the shores of Western banking.