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The president said this at a televised meeting with security officials on updating the country's nuclear deterrence doctrine
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Fitch Affirms ‘Stable’ Outlook for Tamweel
DUBAI - Fitch Ratings on Tuesday affirmed its ‘stable’ outlook on three Tamweel Residential ABS CI Ltd. transactions following their steady performance even as economic conditions in Dubai are worsening.
Fitch’s rating action involved three Tamweel transactions: Class A was affirmed at ‘AA’; Class B was rated ‘BBB+’ and Class C affirmed at ‘BB-‘.
Fitch said the Class A transaction is a securitisation of residential leases extended by Tamweel to lessees in Dubai. These lease contracts are reset periodically.
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