Dubai – Mubasher: Moody's Investors Service has upgraded the long-term issuer rating for DP World to Baa1 from Baa2 with a stable outlook.

This rating reflects the global trade enabler’s diversified operations and solid profitability and liquidity profile, the ratings agency said in a report released on Monday.

"Our decision to upgrade DP World's ratings reflects a strong track record in managing its business through industry cycles as well as achieving its growth ambitions while maintaining a healthy financial profile," Rehan Akbar, Moody's vice president and senior analyst, commented.

Moreover, the rising tension between the US and “key trading partners” have destabilised the global market, which may harm DP World’s investment plans in the coming period, Moody's said.

Source: Mubasher

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