DEWA announces credit rating upgrade by Moody’s to 'A3' with stable outlook

Dubai Electricity and Water Authority (DEWA) today reported that Moody's has upgraded DEWA's long-term issuer rating from Baa2 to A3 with a stable outlook.In addition to positive macroeconomic trends in Dubai, Moody's has considered DEWA's dominant market position in Dubai's power and water sectors