(MENAFN) Abu Dhabi Ports Group announced it has received an initial credit rating of “A1” with a stable outlook from Moody’s International, reflecting its strong financial performance and exceptional growth potential. This rating highlights the group’s robust financial foundation and underscores its position as a key player in the region’s logistics and maritime sectors. The recognition from Moody’s marks a significant milestone for the group in enhancing its global reputation.

The long-term credit rating of “A1” is supported by a Baseline Credit Assessment (BCA) of “baa2” and the group’s majority ownership by the Government of Abu Dhabi through ADQ. These factors demonstrate Abu Dhabi Ports Group’s strong financial position and the support it benefits from as part of Abu Dhabi’s strategic initiatives. The rating also reflects the group’s operational excellence and alignment with the emirate’s economic diversification goals.

Moody’s emphasized the group’s vital role in Abu Dhabi’s economic diversification strategy, supported by its efficient assets such as Khalifa Port and Kizad. The rating recognizes Abu Dhabi Ports Group’s robust infrastructure, flexible business model, and consistent high growth rates, along with its adherence to prudent financial policies. These factors position the group as a key contributor to the development of the emirate’s non-oil economy.

Captain Mohamed Juma Al Shamisi, Managing Director and CEO of Abu Dhabi Ports Group, expressed pride in receiving the Moody’s rating, stating it underscores the group’s commitment to financial discipline, operational efficiency, and sustainable growth. He added that this achievement enhances the group’s reputation in the market, strengthens stakeholder confidence, and opens new opportunities for funding to support future growth initiatives.

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