DP World rating upgraded by Fitch

Fitch Ratings  has  upgrad e d DP World ’ s Limited ’ s 1 Long - Term  Issuer Default Rating (IDR) to BBB+ from BBB and affirmed Short - Term IDR at F2, the company said in its press release. The rating  outlook is stable.  This follows on Fitch’s rating upgrade in August 2016 from BBB - to BBB and reflects DP World’s  solid performance and stable cash flow  generation. Fitch also notes the Group’s flexibility in its  expansionary plan to maintain leverage below the threshold of 4.5x, well diversified and resilient  portfolio and pricing power due to  its  significant exposure to origin  and destination traffic.