Tuesday, 7 July 2015

Fitch cites DP World in ratings upgrade of Jebel Ali Free Zone | The National

Fitch cites DP World in ratings upgrade of Jebel Ali Free Zone | The National:



"Fitch has upgraded its default rating for Jebel Ali Free Zone (JAFZ), saying that its new parent, DP World, will help to improve its operations in Dubai’s largest trade district.



However, the credit ratings agency warned that profit margins could decline to “historical levels” this year.



Last December, shareholders of DP World approved the US$2.6 billion acquisition of Economic Zones World, which owned JAFZ."



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