Tuesday 03, June 2008 by

Moody's rates Gulf General Investment Company (GGICO) Baa2 with stable outlook

Moody's Investors Service has assigned long term local and foreign currency issuer ratings of Baa2 to Gulf General Investment Company (GGICO), a Dubai based public shareholding company engaged in a number of diversified activities including real estate, manufacturing, insurance, hospitality, retail, and transport. The outlook is stable. This is the first time that Moody's has assigned a rating to GGICO.

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