UAE – Mubasher: Fitch Ratings has assigned an overall 'BBB-' rating to Dubai Aerospace Enterprise’s (DAE) long-term issuer default ratings (IDR), with a stable outlook, according to the Emirates News Agency (WAM).

Since the acquisition of AWAS Group, the company has worked to promote its franchise and transform its credit metrics, DAE’s CEO Firoz Tarapore said.

"We remain committed to obtaining an investment-grade rating from all credit rating agencies that currently rate DAE to support our ambitious growth plans,” Tarapore added.