Dubai - Mubasher: Moody's placed on review for downgrade the ratings of GCC companies’ debts in Qatar and the UAE.
The new decision is a part of similar actions initiated by the rating agency last Friday by placing on review for downgrade sovereign ratings for Gulf States.
Moody's reported that it decided to place on review for downgrade debt ratings for Ras Laffan Liquefied Natural Gas Company Limited and subordinated debt of Nakheel Properties.
At the same time, Moody's said it affirmed the credit ratings of Dolphin Energy Company and Ruwais Power Company with a stable outlook.
On Tuesday, Moody's placed on review for downgrade 25 banks in the Gulf Cooperation Council (GCC) countries with the continued decline in oil prices.
