Moody's confirms DP World

Moody's Investors Service said it confirmed the Ba1 issuer and sukuk ratings of DP World Sukuk Ltd.

The action completes the review that began on Dec. 8, when Moody's lowered DP World's ratings to Ba1 and placed them on review for downgrade both as a result of wider reductions in government support factored into the ratings of all Dubai government-related issuers, and concerns surrounding the restructuring of DP World's parent company, the government owned conglomerate Dubai World, and its potential implications for DP World, according to the agency.

The outlook is stable.

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