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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