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Fitch Ratings has revised the Outlook on DP World Limited’s (DPW) Long-Term Issuer Default Rating (IDR) to Positive from Stable and affirmed the IDR at ‘BBB-‘The Short-Term IDR has been affirmed at ‘F3’. A full list of rating actions is at the end of this rating action commentary. RATING RATIONALE The Positive Outlook reflects our ...
The bond proceeds will be used to repay the bridge loan facility at MIAL, and for capex
Fitch Rates Adani International Container Terminal’s Proposed Notes First-Time ‘BBB-(EXP)’ Fitch Ratings has assigned Adani International Container Terminal Private Limited’s (AICTPL) proposed US-dollar senior secured partially amortising notes due 2031 an expected rating of ‘BBB-(EXP)’. The Outlook is Negative. The final rating is contingent upon the receipt by Fitch of final documents conforming to information already received as well as the final pricing and financial close on the proposed notes. RATING RATIONALE AICTPL benefits from its strategic position within the primary po...