Moody's assigns Dewa GMTN provisional rating

04 April 2010

Dubai Electricity and Water Authority's (Dewa) Global Medium Term Notes (GMTN) programme has received a provisional (P) Ba2 rating by Moody's Investors Service, with 'Stable' outlook. The state-owned provider of electricity and water in Dubai operates as a vertically integrated multi-utility, with business activities including electricity generation, transmission and distribution as well as water desalination and distribution. Total generation capacity is 5,448 MW. The company also owns and operates about 3,704km of electricity transmission and distribution lines.

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