Middle East Economic Survey
VOL. LIV
No 16
18-Apr-2011
UAE
Moodys Upgrades DP World Ratings To Baa3
Moodys Investors Service upgraded to Baa3 from Ba1 the long-term foreign and domestic currency ratings of DP World Limited on 11 April. It also upgraded the rating on the $1.5bn sukuk issued by DP World Sukuk Limited, which is due in 2017. All ratings have a stable outlook. The rating action reflects Moodys view that the company has achieved credit metrics that are commensurate with a higher...
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