Moody’s looks to Middle East expansion

Moody’s anticipates a rise in the number of Middle Eastern companies requiring credit ratings. At the rating agency’s 10th Middle Eastern credit conference, held in Dubai on May 2, regional head Frederic Drevon said: “During 2007, Moody’s expects to see a dramatic increase in the number of credit ratings assigned as regional companies look to establish international credibility and financing.”

“We believe debt markets will be critical to the future of Middle Eastern capital markets,” he added.

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