In September 2008, Mubadala was assigned AA long term credit ratings by the three global credit rating agencies: Moody’s, Fitch Ratings and Standard & Poor’s assigned Aa2/AA/AA respectively.
Consistent with the sovereign rating of the Government of Abu Dhabi, these ratings are indicative of the strong financial and leadership support of our shareholder. They reflect Mubadala’s reliability as a business partner, the strength and growth of our portfolio, and our position as a leading force in Abu Dhabi’s economic development and diversification.”Mubadala has grown very quickly over the last few years. The company has been ideally positioned to capitalize on the growth and development within the UAE and the Gulf region. In addition, we have significantly expanded our global investments in partnership with leading companies such as GE, Airbus and The Carlyle Group,” said Waleed Al Mokarrab Al Muhairi, Mubadala Chief Operating Officer. “Obtaining the credit ratings represent a significant milestone that enables us to expand our commercial activities, sustain high returns and contribute to a strong and diversified local economy.”
Carlos Obeid, Mubadala Chief Financial Officer, concluded, “This credit rating achievement is a testament to the strength of Mubadala. It underscores the depth of our executive team, our considerable project management and investment expertise, our growing and diversified portfolio and our commitment to transparency.”