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Six Dubai companies tied to state downgraded to ‘junk’

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Dubai’s main stock market plunged for a second consecutive day Tuesday and an international ratings agency again downgraded six state-linked companies as fresh concerns surfaced about the troubled Arab boomtown’s debt woes. The twin blows came as the sheikdom’s finance chief , Abdul Rahman al-Saleh raised new questions about the pace of restructuring at government-owned Dubai World, the debt-saddled conglomerate now at the heart of the emirate’s credit mess. Source: USA Today

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