Thursday 24 July 2014

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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