S&P assigns DP World A+/A-1

Standard & Poor's said it assigned its A+/A-1 long- and short-term corporate credit ratings to DP World Ltd.

The outlook is stable.

According to S&P, the ratings principally reflect DP World's 100% indirect ownership by the Emirate of Dubai and the operator's pivotal role to diversify revenues from oil and foster international expansion for the emirate.

DP World also boasts geographic diversification after recent large international acquisitions, the agency added.

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