UAE in-focus — Moody's downgrades Sharjah's rating to

RIYADH: Moody’s Investors Service has downgraded the government of Sharjah's long-term foreign and local currency issuer ratings to Ba1 from Baa3. The change was prompted by an expectation of further significant deterioration in Sharjah’s fiscal strength over the next few years and the lack of a credible fiscal adjustment plan. According to the statement, this represents

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