Fitch Ratings recently upgraded DP World Limited’s 1 Long - Term Issuer Default Rating (IDR) to BBB from BBB - and its Short -Term IDR to F2 from F3, the company said in its press release.
The rating outlook is stable. The upgrade follows on the Fitch announcement in November 2015 that DP World’s outlook had been revised to Positive from Stable. It reflects the global trade enabler’s strong performance and stable cash flow generation supported by its geographical diversification, high utilisation rate of terminals and the long -term maturity of its main flagship operation in Jebel Ali, Dubai, UAE.