Saturday 21, June 2008 by

NBD’s debt likely to stay as is, says Moody’s

Moody's Investors Service said that it expects its current ratings on the debt issued by the National Bank of Dubai (NBD) to remain unchanged upon completion of the process whereby Emirates Bank International (EBI) will substitute NBD as debtor. This is subject to review of the final conditions to be added to the original terms of the debt.

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