" /> " /> " />

Moody's ups DP World ratings

12 April 2011

Credit ratings of DP World, the ports operator eyeing a dual listing on the London stock exchange, have been upgraded a notch by Moody's, citing the firm's operating performance and industry fundamentals, Reuters has reported. The port operator was upgraded to investment grade with 'Stable' outlook. "Today's one-notch upgrade of DP World into investment grade reflects Moody's view that the company has achieved credit metrics that are commensurate with a higher rating category and are likely to be maintained over the medium term," Franck Nowak, associate analyst at Moody's in Dubai said in a statement.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications