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The story of a non-resident Bangladeshi family establishing and running the famed perfume company Al Haramain and its successful subsidiaries
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Moody's upgrades ratings of DP World, Jafza
Moody's Investors Service has upgraded the long-term issuer rating of DP World to Baa2 from Baa3
"Our decision to upgrade DP World's ratings is a result of the company's credit metrics broadly meeting the criteria for an upgrade in conjunction with Moody's recognising that the company retains a degree of financial cushion in its credit metrics at the Baa2 level despite the current challenging global trade environment," said Rehan Akbar, a Moody's assistant vice-president - analyst.
"Jafza's upgrade reflects the company's close interlinkages with parent DP World as well as the robustness of its credit profile."
- business@khaleejtimes.com
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