Dubai Holding Commercial Operations Group LLC, a real estate and hospitality group, has access to “other” funds should banks decline to roll over a $555 million credit facility due in July, Moody’s Investors Service said.

Dubai Holding Commercial “is currently looking to rollover this facility and is negotiating commercial terms with existing banks,” Moody’s said in a report e-mailed today. The company “has confirmed that it has other sources of funds to tap into if needed and that it is in continuous engagement with the government on its financial position,” Moody’s said.

Dubai Holding Commercial also confirmed it engaged an international consulting firm to refine its three-year business plan and that the hiring “is not related to any restructuring of its direct debt obligations,” the Moody’s statement said. The company has hired PricewaterhouseCoopers LLP, a person with knowledge of the matter said, declining to be identified because the information is confidential. A spokeswoman for PricewaterhouseCoopers couldn’t immediately comment. A spokesman for Dubai Holding also declined to comment. [Read More]