DP World Upgraded to Baa2

DP World Upgraded to Baa2

DP World and its senior unsecured bonds were upgraded to Baa2 from Baa3 by Moody’s. The rating action came after it successfully reduced net debt-to-EBITDA as of December 2022 to below 4x, inline with the target it announced during its recapitalization in 2020....
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