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Dewa gets lowest investment grade rating

Dubai, June 21, 2011

Dubai Electricity and Water Authority (Dewa), the monopoly state utility, has received the lowest investment grade rating of 'BBB-' from Standard & Poor's.

The ratings agency said Dewa has been given the lowest investment grade on the agency's scale, however with a 'stable' outlook, on the potential for high government support from the Dubai government if the company ran into financial trouble.-TradeArabia News Service




Tags: Rating | Standard & Poors | Dubai Electricity and Water Authority | investment grade |

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