Fitch Rates Mubadala Development Company's ECP programme Short-term 'F1+'
- United Arab Emirates: Tuesday, February 02 - 2010 at 14:03
- PRESS RELEASE
Fitch Ratings has today assigned Mubadala Development Company - MDC GMTN B.V.'s (MDC) euro commercial paper programme (ECP) a Short-term rating of 'F1+'.
Mubadala is an Abu Dhabi-based diversified development and investment group. Fitch has applied its parent and subsidiary rating linkage methodology in rating Mubadala, given the strong relationship between the company and the Emirate of Abu Dhabi (Abu Dhabi, rated 'AA'/Stable/'F1+'). As such, Mubadala's ratings are aligned with Abu Dhabi's sovereign ratings.
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