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S&P upgrades DP World outlook

The outlook of Dubai's port operator DP World has been upgraded by Standard & Poor's from 'stable' to 'positive' amid moves to repay debt and "healthy" performance, AFP has reported. "The outlook revision reflects our view that DPW's financial risk profile will improve when it has completed the sale of 75% of its shares in DPW Australia. In addition, DPW's operating performance remains healthy and supportive, in our view, with 8.5% throughput growth across consolidated terminals for the first-quarter 2011 relative to the corresponding period of the previous year," it said.