Financial difficulties are starting to "mount" at <b>Union Properties</b>, according to a report today from Sana Kapadia, an analyst at <b>EFG-Hermes</b>.<br/><br/>She pointed to the <a href="http://www.thenational.ae/article/20090614/BUSINESS/906149985">recent resignation of <b>Simon Azzam</b></a> as chief executive after 23 years of running the company and a letter the company sent to investors saying it was delaying some projects due to "restricted assistance from banks". Ms Kapadia lowered the company's long-term rating today to neutral from buy.<br/> What next?