The Authorities have requested Standard & Poor’s to terminate its public rating.
Dubai Multi Commodities Centre Authority confirmed it made a request to Standard & Poor’s to terminate its public rating.
“DMCC sees no further requirement for a public rating as it no longer has any public debt following the repayment in May this year of the final $20 million of a $200 million five-year Islamic Sukuk issued in 2005,” it said in an e-mailed statement today.
Or maybe the real reason is that DMCC fear a 'real' rating of them as a whole(?)...one which leads to having to be transparent, reporting corporate activities, corporate strength etc, etc something this region has yet to embrace...