Middle East Economic Survey

VOL. LIII

No 15

12-April-2010

UAE

Moodys Assigns DEWA Global Medium Term Notes Program A Provisional Ba2 Rating

Moody's Investors Service assigned on 1 April a provisional Ba2 rating to the Global Medium Term Notes (GMTN) Program of Dubai Electricity and Water Authority (DEWA). The outlook is stable. The rating of the notes is in line with DEWAs issuer ratings (Ba2, stable outlook) because any issuance under the program will constitute unconditional, unsubordinated and...