Moody’s changes DP World view

Moody's Investors Service said it affirmed the Baa1 long-term issuer rating of DP World plc.

At the same time, Moody's revised the outlook of DP World to negative from stable.

“The rating action reflects the credit linkages between DP World and the government of Dubai (unrated),” the agency said in a news release.

Moody's said it expects a growing risk of structurally slower real GDP growth for the emirate of Dubai and deteriorating fiscal strength of the government amid increasing debt levels.

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