Dubai-Mubasher: S&P Global Ratings (S&P) upgraded DIFC Investments (DIFCI) and Dubai Electricity and Water Authority (DEWA) in Dubai, according to a statement.
S&P raised its long-term rating on DIFCI to “BBB” from “BBB-”, and on DEWA to “BBB+” from “BBB”.
Although S&P’s long-term ratings on these two government-related entities (GREs) include an uplift stemming from the companies' relationships with the government, the upgrades reflect company-specific factors and the government's financial position.
