Rationale
The ratings on Mubadala, the Abu Dhabi government's principal agent for diversifying the local economy away from hydrocarbon revenues, are based on an equalization with the ratings on the Emirate of Abu Dhabi (AA/Stable/A-1+).
This reflects Standard & Poor's view of an "almost certain" likelihood of extraordinary government support for Mubadala in the event of financial distress.
No comments:
Post a Comment