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Fitch upholds TDIC ratings

14 February 2010

Fitch Ratings has upheld Abu Dhabi-based Tourism Development and Investment's (TDIC) Long-term Issuer Default Rating (IDR) and senior unsecured ratings at 'AA' and its Short-term IDR at 'F1+'. The outlook for the Long-term IDR is 'Stable', it said. "Despite adverse market conditions, TDIC continues to have strong access to capital through bank lending and the capital markets," the rating agency said. TDIC's has 71 tourism projects in its current portfolio.

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