UAE – Mubasher: Moody's Investor Services and Fitch Ratings have assigned Masdar, a subsidiary of Mubadala Investment Company, long-term ratings of A2 and A+, respectively, with a stable outlook.

The ratings were driven by Masdar's status as a Government Related Entity (GRE) and as a subsidiary of Mubadala and Mamoura Diversified Global Holding, according to a press release on Tuesday.

The credit ratings will enable the company to have access to capital markets and greater flexibility for financing and investing in new projects at competitive rates.

The CEO of the UAE Investments at Mubadala, Musabbeh Al Kaabi, said: “The ratings demonstrate the strength of Masdar's position as a global player in the sustainable development sector and validate the futuristic ambitions that stared 15 years ago when Mubadala first incubated Masdar as the UAE's renewable energy and sustainable urban development arm.”

The CEO of Masdar, Mohamed Jameel Al Ramahi, commented: “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.”