S&P Global Ratings upgrades DAE’s corporate credit rating

Dubai Aerospace Enterprise (DAE) has announced today that credit rating agency S&P Global Ratings had upgraded DAE’s corporate credit rating to BB+. According to S&P, the upgrade is the result of the successful integration of AWAS coupled with solid financial results since the acquisition. Earlier this week, credit rating agency Moody’s Investors Service revised DAE’s rating outlook to positive from stable.