Moody's moves to bigger premises in DIFC

08/09/2010 - Dubai Investment News
Moody's moves to bigger premises in DIFC

Posted by Bob Brunskill

Moody's Investors Service has confirmed that its Dubai-based regional office has moved to permanent and larger premises within the Gate District of the Dubai International Financial Centre (DIFC).

The Dubai office serves as the regional headquarters for Moody's Middle East Limited which was first established at DIFC in April 2007.

According to the company, the move to larger premises will allow it to implement its near- and medium-term expansion plans which are aimed at enhancing its ability to serve financial market participants in the region.

"The move reflects Moody's continued commitment to its customers in the Middle East," said Jehad El-Nakla, general manager of Moody's Middle East Ltd. "As the global economy gradually emerges out of recession, Middle Eastern market participants have started to return to the global capital markets in order to address their financing needs. Moody's is therefore anticipating a revival in regional demand for ratings."

Moody's has so far assigned more than 170 public ratings in the region.
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