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28 February 2024

DCCI releases ratings for 5,000 Dubai firms

By Wam

Dubai Chamber of Commerce and Industry has released its rating reports of critical baseline information on the most-active 5,000 Dubai-based enterprises.

Officials said the reports provide comprehensive credit information about the companies and highlight the background of existing and potential customers, and their ability to meet their financial obligations.

The report was compiled by the Credit Rating Service of the Trade and Business Development Department of Dubai Chamber in association with Coface.

A spokesman said: "In the present financial market scenario, risk assessments are becoming more cumbersome and costly as the potential for partner default becomes more probable."

The reports contain assessments and credit ratings for 1,265 companies in the construction sector and 208 companies in the hospitality sector among others.