According to Amac News: AD Ports Group's A1 credit rating reflects its Baa2 Basic Credit Assessment (BCA) and majority ownership by the Abu Dhabi Government through ADQ.
This new rating from Moody's is a confirmation of AD Ports Group's core assets in Abu Dhabi, including Bandar Khalifa and KEZAD, and their strategic importance in the Emirate of Abu Dhabi's economic diversification strategy, growing infrastructure assets and resilient business model, as well as a commitment to policies Finance is considered prudent.
This is the first time that AD Ports Group has received credit rating from Moody's. The group previously received investment credit ratings from Fitch and S&P Global
AD Ports Group CFO Martin Arup said the group is committed to profitable growth that will deliver strong returns to all stakeholders. This ranking success enhances AD Ports Group's credibility in the market
Moody's is an internationally recognized company in the field of financial services and credit rating. The company is recognized as one of the largest and most reliable rating agencies in the world and provides its services to governments, companies and financial institutions.
The A1 rating is the fifth highest rating on Moody's 21-degree global scale, which ranges from Aaa to C. A1 rating indicates low credit risk and medium high investment grade
On November 12, AD Ports Group reported record revenue and profit of 4.66 billion dirhams ($1.27 billion) and 445 million dirhams ($121.3 million) in the third quarter of 2024, driven by growth Strong in their core businesses.