The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), today announced that it has been confirmed as receiving an A rating from Standard '&' Poor's.
The A rating follows an extensive review of TAQA's strategy and business plan as well as the expected level of government support from the Emirate of Abu Dhabi. TAQA is also rated A3 by Moody's Investor Service.
Doug Fraser, Chief Financial Officer of TAQA, said "We are pleased to announce that we have reactivated our relationship with Standard '&' Poor's. Our strong credit story has been reaffirmed by the A rating awarded today.
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