Moody’s lifts DP World

Moody’s Investors Service said it upgraded the long-term issuer rating of DP World Ltd. to Baa1 from Baa2.

The outlook is stable.

"Our decision to upgrade DP World's ratings reflects a strong track record in managing its business through industry cycles as well as achieving its growth ambitions, while maintaining a healthy financial profile," Rehan Akbar, Moody's vice president and senior analyst, said in a news release.

"DP World's growing scale and geographic footprint has increased its business resilience which Moody's now sees as more appropriately reflected in the Baa1 rating."

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