Dubai – Mubasher: Credit ratings agency Fitch Ratings has affirmed DP World Group’s long-term creditworthiness rating at ‘BBB+’, with a stable outlook.
This rating reflects the UAE enabler’s resilience and ability to generate stable cash inflows, according to a report released by the New York-based ratings agency.
Also, the global rating agency stated that DP World’s expansion plan is flexible and diverse and it will help Dubai's state-owned ports operator keep its debt stable.
DP World Group’s rating process is independent and free from any interference from Dubai government, Fitch noted.
