Middle East Economic Survey
VOL. LII
No 27
6-Jul-2009
TAQA Drops S&P After Ratings Assessment Overhaul
The Abu Dhabi National Energy Company (TAQA) terminated its relationship with Standard & Poors Ratings Service (S&P) on 1 July after the international credit ratings agency ushered in changes across the globe to the way in which it rates government-related entities (GREs). As a result of its new methodology, TAQA ratings (AA-/A-1+) had been put on negative credit watch (from stable)...
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