Fitch Ratings has upgraded Dubai Aerospace Enterprise (DAE) long-term issuer default rating to BBB from BBB-. The outlook on its long-term issuer default rating is stable. It has also upgraded DAE Funding LLC’s senior unsecured debt rating and DAE Sukuk’s sukuk programme and debt ratings to BBB from BBB-. Speaking to Airline Economics, DAE CEO Firoz Tarapore said: “The recent upgrade by Fitch Ratings to BBB is a recognition of DAE’s continued efforts to strategically strengthen our franchise. During the pandemic, not only were we profitable in every quarter but also grew our fleet count by nearly 40%, including the

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