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

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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>>>

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