DAE's corporate credit rating upgraded and outlook revised

S&P Global Ratings upgrades DAE’s corporate credit rating
Moody’s Investors Service revises rating outlook to positive

Dubai, U.A.E., 27 July 2018 – Dubai Aerospace Enterprise (DAE) Ltd. announced today that credit rating agency S&P Global Ratings had upgraded DAE’s corporate credit rating to BB+. According to S&P, the upgrade is the result of the successful integration of AWAS coupled with solid financial results since the acquisition.

Earlier this week, credit rating agency Moody’s Investors Service revised DAE’s rating outlook to positive from stable.

S&P Global Ratings’ press release announcing the upgrade can be found here.
Moody’s Investors Service’s press release can be found here.