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Fitch maintains DP World Sukuk rating; outlook stable

Fitch maintains DP World Sukuk rating; outlook stable
International ratings agency Fitch has maintained its rating for both DP World and its long-term Sukuk at BBB-. The Sukuk are to mature in 2014.

The investor-service Company highlighted that cash inflows to DP World have improved during the first half of the year. Inflows were boosted by available liquidity and improved credit efficiency for the ports operator, Fitched added.

DP World enjoys a strong market-presence and has a wide geographical portfolio of activities, Fitch highlighted, noting that the Dubai-based Company is one of the four large ports operators in the World.