AD Ports Group earns A1 credit rating from Moody’s
Global credit rating agency Moody’s has assigned AD Ports Group an initial A1 credit rating with a stable outlook. This rating highlights the Group’s strong financial performance and solid growth prospects.
The A1 long-term issuer rating reflects AD Ports Group’s Baseline Credit Assessment (BCA) of Baa2 and underscores its strategic importance, bolstered by the Government of Abu Dhabi’s majority ownership through ADQ.
Moody’s acknowledges the significance of AD Ports Group’s flagship assets, such as Khalifa Port and KEZAD, to Abu Dhabi’s economic diversification strategy. It also emphasizes the Group’s expanding infrastructure and operations, resilient business model, and adherence to prudent financial policies.
This marks the first time AD Ports Group has received a Moody’s credit rating. “It is a clear recognition of our unwavering dedication to financial discipline, operational excellence, and long-term sustainable growth,” said Martin Aarup, Chief Financial Officer of AD Ports Group. “This rating milestone not only enhances our reputation in the market, but also positions us for continued success and greater access to capital.”
The A1 rating is the fifth-highest on Moody’s 21-tier global ratings scale, which ranges from Aaa to C. This designation represents an upper-medium investment grade and indicates low credit risk.
