DP World’s (DPW.DI) long-term issuer rating has been upgraded to Baa2 from Baa3 by Moody’s investor relations, also, Jebel Ali Free Zone (JAFZ) long-term issuer rating saw an similar upgrade to Baa2 by Moody’s, outlook on all ratings is stable. “JAFZ’s upgrade directly reflects the company’s close interlinkages with parent DP World as well as the robustness of its credit profile”, Rehan Akbar, Moody’s analyst added. On a different note, DP World singed an MoU with the Summa Group, a Russian-based diversified industrial group, to explore investment opportunities in ports, special economic zones and inland logistics facilities in the Russian Federation. The partnership will cover the  development and implementation of freight delivery and port processing technologies, as well as the  development and promotion of the Asia-Pacific Economic Cooperation (APEC) and Russian Far East transportation corridors, including free ports Vladivostok and Zarubino as  part of the agreement. Summa Group is a diversified private holding with significant investments in the port logistics, engineering, construction, telecommunications, and in the oil and gas sectors. (Gulf News, Press release)