Monday, December 01, 2008

Reblog: Blue City bonds downgraded to junk

Head to Sue Hutton's newsBriefsOman blog for a very interesting discussion about the news about Moody's downgrade of The Blue City's bonds. Read the comments.

Wanna guess who "stakeholder" is?


omanvirtually said...

while Moodys downgraded Blue City the Ministry of Tourism had effectively refuted any possibility of a problem saying all finance was secured

Undercover Dragon said...

I'd say stakeholder is the ex-Bovis, now Commercial manager for Blue City, BCC1 guy.

Abd probably laughing all the way to the bank... wheel barrow full of bond holder's money!

Jet Driver said...

How can they get away with doing stuff like this?


kelly said...

What about Oppenheimer Investments AG who was sued in a New York court for fraud in connection with its work as exclusive investment bank for the Blue City project. Not only that, but the front man Samuel Grossman who falsely claimed affiliation with South Africa's Oppenheimer family to gain credibility to get involved in Blue City is jewish. Talk about Blue City Management naivety.........!!

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