Fitch Assigns 'BBB' Rating to DAE Bonds

Fitch Ratings has assigned a final 'BBB' rating to Dubai Aerospace Enterprise's unsecured bonds worth $600 million. This decision confirms the company's stable financial standing and its ability to meet long-term obligations.

Fitch Ratings has assigned a final 'BBB' rating to Dubai Aerospace Enterprise's (DAE) unsecured bonds worth $600 million, due on January 15, 2033. This decision confirms the company's stable financial standing and its ability to meet long-term obligations. The rating reflects DAE's strong market position in the aviation industry and the strategic importance of Dubai as a global aviation hub. The agency also noted the company's effective risk management and diversified business portfolio.

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