Nakheel PJSC said today that it has repaid a AED 4.4bn ($1.2bn) Islamic bond, bringing an end to a debt restructuring process that started in 2009. The company transferred funds to agent Deutsche Bank AG yesterday the full amount of…
Tag: DP World
Jebel Ali Free Zone gets positive outlook from Fitch Ratings
For full coverage of business developments in the Middle East, see MEED. Fitch Ratings has revised Jebel Ali Free Zone’s (JAFZ’s) outlook to positive from stable and affirmed its long-term Issuer Default Rating (IDR) at BBB-. Fitch has also affirmed…
Fitch lifts DP World’s outlook on higher cash flow margins and acquisitions
Fitch Ratings has revised UAE-based port operator DP World’s (DP World’s) outlook to positive from stable and affirmed its long-term issuer default rating (IDR) at BBB-. Fitch has also affirmed DP World’s senior unsecured rating at BBB- and its short-term…