Masdar assigned debut ratings by Moody’s and Fitch
Masdar, a subsidiary of Mubadala Investment Company, received investment grade A2 and A+ ratings from Moody’s Investors Service and Fitch Ratings, respectively, marking the first time the Abu Dhabi renewable energy company is rated by global agencies.
An A2 rating is sixth-highest credit rating of Moody's and indicates low credit risk, as does the A+ rating by Fitch. Masdar is wholly owned by Mamoura Diversified Global Holding.
The ratings are a reflection of Masdar’s “robust portfolio of renewable energy and sustainable real estate assets and its crucial role in the diversification of the Abu Dhabi economy”, Musabbeh Al Kaabi, chief executive of the UAE Investments at Mubadala, said.
First-time credit ratings will give Masdar greater flexibility in financing and investing in new projects as the company looks to accelerate its global expansion.
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