Strong Financial Position
Abu Dhabi Ports Group announced that it has received a preliminary credit rating of “A1” with a stable outlook from Moody’s Investors Service.
This rating reflects the Group’s strong financial performance and exceptional growth prospects.
The long-term credit rating of “A1” for the Ports Group reflects its strong financial position.
Underpinned by its baseline credit assessment (BCA) of “baa2” and the majority ownership of the Abu Dhabi government through ADQ.
Abu Dhabi Ports Receives Moody’s Rating for the 1st Time
The new Moody’s rating is a testament to the Group’s capabilities and the efficiency of its assets in Abu Dhabi.
Such as Khalifa Port and Khalifa Industrial Zone Abu Dhabi.
This rating also reflects the Group’s vital role in the emirate’s economic diversification strategy.
As well as the strength of its infrastructure, flexible business model, high growth rates, and commitment to sound financial policies.
This is the first time that Abu Dhabi Ports Group has received a credit rating from Moody’s.
Even the Group has previously obtained investment-grade ratings from other global rating agencies such as Standard & Poor’s and Fitch.
The United Arab Emirates has advanced 6 places in the Quality Infrastructure Index for Sustainable Development 2024, issued by the United Nations Industrial Development Organization (UNIDO), from 11th to 5th place globally, within the category of countries with a GDP ranging from… pic.twitter.com/NuQyM5W0Jv
— UAE Voice (@uae_voiceeng) December 9, 2024
Attractive Returns for All Stakeholders
Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of Abu Dhabi Ports, said:
“The credit rating from Moody’s highlights Abu Dhabi Ports Group unwavering commitment to financial discipline, operational excellence, and sustainable growth.”
He added that the Group is committed to growth that generates attractive returns for all stakeholders.
Noting that this achievement will enable the Group to achieve continued success and access larger funding sources.
“A1” is the fifth highest rating on Moody’s 21-notch global rating scale, ranging from “Aaa” to “C”.
An “A1” rating indicates an upper-medium-grade investment with low credit risk.
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