Moody's assesses UAE banks' 'divergent reporting' of problem loans

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Monday 16, July 2012 by Robin Amlôt

Moody's assesses UAE banks' 'divergent reporting' of problem loans

Since the $25 billion distressed debt restructuring by Dubai World Group (DWG) concluded in June 2011, Moody’s Investors Service has observed a divergence in the accounting treatment of the sizable DWG exposures among banks in the United Arab Emirates (UAE).

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