Middle East Economic Survey
VOL. LII
No 28
13-Jul-2009
UAE
S&P Leaves TAQA Ratings Unchanged
Standard & Poors Ratings Services said on 8 July that it left unchanged its AA-/A-1+ long- and short-term corporate credit ratings on Abu Dhabi National Energy Company (TAQA) and the ratings on approximately $7bn of its outstanding rated debt. The ratings were placed on credit watch with negative implications on 30 June following S&Ps introduction of the revised methodology for the evaluation of...
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