Fitch rates Mubadala program F1+

Fitch Ratings said it assigned Mubadala Development Co.'s MDC GMTN BV's euro commercial paper program a short-term rating of F1+.

The rating is in line with the company's short-term issuer default rating of F1+. The notes will be unconditionally and irrevocably guaranteed by Mubadala, Moody's said.

The obligations will be direct, unconditional, unsubordinated and unsecured obligations of Mubadala and will rank equally with all its other unsecured obligations, the agency said.

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