Abu Dhabi – Mubasher: Moody's Investors Service has changed the outlook on the ratings of Mubadala Development Company, International Petroleum Investment Company (IPIC), and Etisalat to "Stable" from "Negative", according to a statement.
The ratings agency has affirmed the long-term issuer ratings of Mubadala and IPIC at "Aa2", and Etisalat at "Aa3".
Moody’s ratings follow the recent change in rating outlook from "Negative" to "Stable" on the governments of the UAE and Abu Dhabi, as well as the affirmation of their "Aa2" long-term issuer ratings.
