Abu Dhabi Ports receives an “A1” credit rating from Moody’s

Abu Dhabi Ports Group announced today that it has obtained a preliminary credit rating of… “A1” With a stable outlook from Moody’s, the international credit rating agency, which reflects the group’s strong financial performance and exceptional growth prospects..

The long-term credit rating of Abu Dhabi Ports Group reflects at “A1” The group’s strong financial position based on the basic credit assessment “BCA” In the category “baa2”; The majority ownership of the Abu Dhabi government through the Holding Company” “ADQ”.

Moody’s new rating is a testament to the capabilities of the Abu Dhabi Ports Group and the efficiency of its assets in the Emirate of Abu Dhabi, such as Khalifa Port and Kizad. This classification also reflects the group’s vital role within the framework of the emirate’s economic diversification strategy, in addition to the strength of its infrastructure, its flexible business model, high growth rates, and its commitment to rational financial policies. This is the first time that Abu Dhabi Ports Group has obtained a credit rating from Moody’s. The group had obtained credit ratings in the investment category from other international rating agencies such as Standard & Poor’s and Fitch. Captain Mohammed Juma Al Shamsi, Managing Director and CEO of Abu Dhabi Ports Group, said that the credit rating from Moody’s highlights Abu Dhabi Ports Group’s firm commitment to financial discipline, operational excellence and sustainable growth. He added that Abu Dhabi Ports Group is committed to growth that achieves profitable returns for all stakeholders, noting that this achievement allows the group to achieve continued successes and access greater sources of financing. It is a classification “A1” It is the fifth highest rating on Moody’s global ratings scale, which consists of 21 ratings ranging from “Aaa” to “C”. Rating indicates “A1” To an upper middle class investment category with low credit risk.