Abu Dhabi-Mubasher: Standard & Poor’s Ratings Services (S&P) affirmed Abu Dhabi National Energy Company’s (TAQA) credit rating at ‘A’, with a 'Stable' outlook, according to an issued statement.
It is noteworthy that Abu Dhabi government owns 75% stake in TAQA.
S&P clarified that TAQA managed to apply a strategic development program which helped in saving more than AED 5 billion ($1.36 billion) of cash costs and capital expenses in 2015.
