UAE/TURKISH BUSINESS RELATIONS

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Amr Salem Premium Member Group moderator
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Moody's confirms DP World ratings
Moody's Investors Service has confirmed the Ba1 issuer and Sukuk ratings of port operator, DP World, with 'Stable' outlook. "DP World's overall 2009 financial performance was resilient despite a decline in consolidated volumes by 8%. The company has already recorded a 4% increase in volumes for the first two months of 2010 and we expect this trend to continue as the global recovery in trade volumes gains momentum," the rating agency said in a statement.

Source: AMEInfo
- 08 Apr 2010, 11:48 am
Amr Salem wrote: > Moody's Investors Service has confirmed the Ba1 issuer and Sukuk > ratings of port operator, DP World, with 'Stable' outlook. "DP > World's overall 2009 financial performance was resilient despite a > decline in consolidated volumes by 8%. The company has already > recorded a 4% increase in volumes for the first two months of 2010 > and we expect this trend to continue as the global recovery in trade > volumes gains momentum," the rating agency said in a statement. > > Source: AMEInfo