The two-month grace period covers all types of visas, including tourist and expired residency permits
In addition, a recovery rating of '3' has been assigned to the debt, indicating Standard & Poor's expectation of meaningful recovery of principal (in the range of 50 per cent-80 per cent) in the event of a default.
Ratings were assigned following receipt and satisfactory review of all final transaction documentation, including legal opinions.
The 'AAA' rating reflects the irrevocable, unconditional guarantee of timely scheduled payments by Ambac Assurance UK Ltd. (AAA/Stable).
Ajman Sewerage is using the proceeds of the loan to fund the construction of a sewerage collection system and treatment plant in the Ajman Emirate in the United Arab Emirates.
The underlying 'BBB' rating reflects a range of factors, including the ongoing exposure of revenues to potentially slow collection rates for connection fees; moderately weak covenants; and an evolving legal framework for projects in the Emirate of Ajman, with no track record of enforceability of security.
The two-month grace period covers all types of visas, including tourist and expired residency permits
Sheikh Mohamed extended his sympathies during a visit to the mourning majlis in Al Ain
According to an official, several people are still feared trapped in the debris
Amateurs Afzaal Ahmad, Parvez Ahmed, and Arbaaz Ahmad shine with an Impressive 89-point performance at the Emirates Golf Club
The Meteorological Organisation that it is closely monitoring what is being circulated on social media
There have been a series of school fires in the country in recent years, many of them which have turned out to be arson
Salama Alfalacy is into realistic art featuring landscapes and wildlife, while Meera Jamal Al Midfa is setting new grounds in performance art and filmmaking
Dubai Police have asked drivers to be extra cautious