UAE – Mubasher: Moody's Investors Service has announced that it is currently reviewing the Ba1 corporate family rating of Dubai Aerospace Enterprise.

The rating agency said that it is also reviewing the Ba2 senior unsecured rating of subsidiary DAE Funding for upgrade, according to an official statement.

“Moody's has also withdrawn the outlooks on DAE's existing instrument ratings for its own business reasons,” the statement added.

The review of DAE's ratings is in recognition of the company's improving funding structure and liquidity, and the decline in its debt, Moody's revealed.