Moody's rates International Petroleum Investment Aa2

Moody's Investors Service said it assigned long-term foreign- and local-currency issuer ratings of Aa2 and short-term ratings of prime-1 to International Petroleum Investment Co., an investment vehicle of the Abu Dhabi government.

The outlook is stable.

The ratings are derived from the Abu Dhabi sovereign rating, given the company's central policy role in developing the emirate's wider hydrocarbon sector and evidenced by more than 20 years of regular government equity injections in support of the company's investments, Moody's said.

The ratings also are based on the assurance of the Abu Dhabi government that the company will remain a core, fully supported policy vehicle, the agency said.

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