Sunday 23, November 2008 by
S&P puts ETA Group rating on negative watch
Standard & Poor's said that it placed on CreditWatch with negative implications its long-term BBB- corporate credit rating on Dubai-based industrial conglomerate ETA Group and its BBB- debt rating on the $300 million senior unsecured bank loan due 2012 issued by subsidiaries Emirates Trading Agency LLC, ETA Star Holdings, and Associated Construction and Investments Co.
