Dubai Investments unit's rating upgraded to ‘BB+’


Published: Jun 29, 2014
Source: Emirates 24|7

News

Email this story Print this page zoomin zoomout

Dubai Investments unit's rating upgraded to ‘BB+’

S&P awards stable outlook on stronger liquidity

Dubai Investments Park Development Company (DIPDC), a wholly-owned subsidiary of Dubai Investments, has announced that its long-term corporate credit rating has been upgraded to “BB+” from “BB” by Standard & Poor’s Ratings Services with a Stable Outlook on the basis of stronger liquidity, the company said in a statement.

The DIPDC rating upgrade follows the Dh1.1 billion five-year sukuk issued by its subsidiary DIP Sukuk Ltd in February 2014, which  strengthened the group’s liquidity.  Read more>>>

© Copyright - Emirates 24|7
comments powered by Disqus

Middle East Stock Markets

Index Last Change %Change
TASI 7,215.84 -12.12 -0.17%
ADI 4,524.15 -17.79 -0.39%
DFMGI 3,608.47 +13.85 0.39%
QE 9,583.78 -10.73 -0.11%
KSE 6,845.76 +13.23 0.19%
MSM30... 5,027.350 +29.580 0.59%
ASE... 2,164.46 +4.45 0.21%

Recent Analyst Actions  >>

or
Company Price Opinion
Bank Muscat 0.52 Buy
Voltamp Energy Co. 0.52 Overweight
Jarir Marketing Co. 142.60 Overweight
Saudi Basic Industries Corp. 90.00 Neutral
Etihad Etisalat Co. 25.00 Neutral

Markets Today Quick Links

×

Get all the latest updates about the GCC & Global Markets directly to your email