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Moody’s on the move

Moody’s Investors Service has announced that its Dubai-based regional office, Moody’s Middle East Limited, has moved to permanent and larger premises within the Gate District of the Dubai International Financial Centre.

“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 and intends to meet it with greater analytical resources on the ground.”

Over the past few years, Moody’s has received several regionally specific awards in recognition of its successful work in the Middle East.

For two consecutive years, it has been voted “Best Islamic Rating Agency” by the readers of Islamic Finance News in the publication’s annual polls conducted at the end of 2008 and 2009. The award also recognised Moody’s superior ratings coverage of Islamic financial institutions and Sukuk transactions.

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