Fitch assigns DEWA Sukuk final AA- rating
Fitch Ratings has assigned Dubai Electricity and Water Authority's (DEWA) AED3.2 billion ($871 million) Sukuk, maturing in 2013, a final AA- rating. The final rating follows the receipt of final documentation. Fitch said the Sukuk rating is in line with DEWA's senior unsecured rating of AA-. DEWA is rated long-term Issuer Default rating (IDR) AA- with stable outlook and short-term IDR F1+, both of which were affirmed on 27 May 2008.