Tuesday 15 May 2012

S&P drops DP World ratings at port operator's request - Yahoo! News UK

Standard & Poor's withdrew its credit rating on DP World after the ports operator objected to the way the agency assessed its financial health.
S&P said it pulled the ratings at DP World's request. The company, a profitable part of indebted conglomerate Dubai World, is rated investment grade by Moody's and Fitch.
The world's third biggest ports operator was rated 'BB/B' with a stable outlook by S&P, revised down in February from positive.

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