July 8 (Bloomberg) -- Jebel Ali Free Zone’s 7.5 billion- dirham ($2 billion) sukuk had its credit rating cut to A2 from A1 at Moody’s Investors Service today, citing financial challenges faced by Dubai World.

Moody’s also downgraded the foreign and local currency issuer ratings of Jebel Ali Free Zone and placed them under review for further possible downgrade.

To contact the reporter on this story: Shaji Mathew in Dubai at shajimathew@bloomberg.net Last Updated: July 8, 2009 05:37 EDT adType = "OAS"; Category = "03"; HCat = "x20"; Keys = "null"; Width = "3"; Height = "3"; Tile = "3"; CallAd(adType, HCat, Width, Height, Tile, Keys, Category); [IMG] Sponsored links google_ad_client = "pub-1979187633561026"; google_ad_slot = "0643399015"; google_ad_width = 336; google_ad_height = 280; `

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