Masdar Gets Investment Grade Credit Ratings from Moody's and Fitch

Masdar, a subsidiary of Mubadala Investment Company, announced that Moody's Investor Services and Fitch Ratings have assigned it first-time credit ratings that place the company firmly in the investment grade category.

September 29, 2021. By News Bureau

Masdar, a subsidiary of Mubadala Investment Company, announced today that Moody's Investor Services and Fitch Ratings have assigned it first-time credit ratings that place the company firmly in the investment grade category.

Moody's and Fitch, two of the leading agencies that evaluate the creditworthiness of commercial and sovereign entities, issued long-term ratings of A2 and A+ respectively, both with a stable outlook, following extensive due diligence in accordance with their global ratings standards.
 
Masdar's status as a Government Related Entity (GRE) of the Government of Abu Dhabi, itself rated Aa2 by Moody's and AA by Fitch, and the company's status as a subsidiary of Mubadala Investment Company and Mamoura Diversified Global Holding PJSC, were key drivers in determining the ratings.
 
Musabbeh Al Kaabi, Chief Executive Officer of the UAE Investments at Mubadala, said: "The A2 and A+ ratings from Moody's and Fitch are a reflection of Masdar's robust portfolio of renewable energy and sustainable real estate assets and its crucial role in the diversification of the Abu Dhabi economy”.
 
Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: "The award of these investment grade credit ratings marks a key milestone in Masdar's development journey. The ratings are a strong endorsement of Masdar's financial stability and the creditworthiness of our core business model, and reflect confidence in Masdar's cash generation ability, unrestricted liquidity, and future growth prospects as an Abu Dhabi-based company. As we progress on our global expansion journey, we recognize the importance of transparency and good governance, and our first-time ratings are testament to those values."
Please share! Email Buffer Digg Facebook Google LinkedIn Pinterest Reddit Twitter
If you want to cooperate with us and would like to reuse some of our content,
please contact: contact@energetica-india.net.
 
 
Next events
 
 
Last interviews
 
Follow us