Dubai, U.A.E., 1 November 2018 – Dubai Aerospace Enterprise (DAE) Ltd. announced today that credit rating agency Moody’s Investors Service has upgraded DAE’s corporate family rating to Ba1 from Ba2. The senior unsecured rating was also upgraded to Ba2 from Ba3.
Moody’s press release announcing the upgraded credit ratings can be found here.
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About DAE
Dubai Aerospace Enterprise (DAE) Ltd. is a globally recognized aerospace corporation and one of the largest aircraft leasing companies in the world. Headquartered in Dubai, DAE’s leasing and engineering divisions serve over 125 airline customers around the world from its seven locations in Dubai, Dublin, Amman, Singapore and the US.
DAE’s award-winning leasing division DAE Capital has an owned, managed and committed fleet of nearly 400 Airbus, ATR and Boeing aircraft with a fleet value of US$14 billion. More information can be found on the company’s web site at www.dubaiaerospace.com.
For further information, please contact:
| Media | Fixed Income Investors |
| Arne Bevaart | Sinan Kahya |
| +971 4 428 9591 | +971 4 428 9593 |
| press.office@dubaiaerospace.com | investorrelations@dubaiaerospace.com |