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Moody's upgrades DAE's rating to investment grade

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Moody's upgrades DAE's rating to investment grade

Moody’s Investors Service has upgraded the corporate family rating of Dubai Aerospace Enterprise (DAE) to Baa3 from Ba1, and the senior unsecured rating of subsidiary DAE Funding LLC to Baa3 from Ba2. This action concludes the review for upgrade initiated on November 8, 2019. The outlook is stabl...

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