DP World(DPW.DI)’s long-term Issuer Default Rating ( IDR) has been upgraded to “BBB” from “ BBB-“ and the company’ Short-term IDR to “ F2” from “F3” by Fitch ratings, with the outlook “Stable”, in a Fitch press release quoted by Zawya. The press release added that the upgrade is a reflection of DP World’s solid and stable cash flow, along with the flexibility in the group’s expansionary plan that will allow the company to maintain Fitch adjusted leverage level below 5X, which is adequate for the new higher rating. The rating reflects DP World’s standalone credit profile and does not account for the support or constrain from its relationship with the Dubai government. (Zawya, Fitch Press Release) DP World (DU): AED16.95 as of 4 August 2016, Rating: Buy, FV: AED22.00 per share, MCap: USD14,069 million, DPW DU / DPW.DI