Rating Actions
Dubai - rating downgrade
High yields in Dubai, but caution advised
Down to: 
Rating change: December 17, 2007
Despite steep property price rises, Dubai’s gross rental yields are high at up to 10.20%. Yet oversupply looms.
Yields in Dubai are high, at up to 10.20%. Rents are spiraling, and long-term residents are being forced into smaller and smaller spaces.
Mumbai - rating udowngrade
Mumbai apartment prices are too high
Down to: 
Rating change: July 26, 2007
Mumbai overpriced, due to outdated planning and rent controls, and India’s rapid economic growth.
Apartments in South Mumbai cost around US$9,000 to US$10,200 per square metre. “Such stellar prices can only be found in the world’s ...
Riga - rating downgrade
Time for a pause in Latvia
Down to:
Rating change: August 13, 2007
Latvia is in deflationary mode, with house prices falling and spending restrained.
House prices have begun to fall in the Greater Riga area, according to the leading Latvian real estate agent Latio.
Moscow - rating downgrade
Moscow prices among highest in Europe
Down to:
Rating change: May 30, 2007
Moscow apartments earn moderate yields. Yet taxes high, law pro-tenant, and politics deteriorating.
Moscow property prices are now among the highest in Europe, at from US$10,700 to US$20,500 per square metre in the key areas...
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