Middle East Economic Survey

VOL. LIII

No 47

22-Nov-2010

UAE

Moodys Upgrades DP World Rating Outlook To Positive

Moodys Investors Service has confirmed the Ba1 Issuer Ratings of both UAE based marine port operator DP World and DP World Sukuk Ltd, upgrading the overall rating outlook from stable to positive. This adjustment in outlook is said to come as a result of DP Worlds strong operating performance year-to-date, supporting expectations that debt protection measures would continue...