KBRA upgrades DAE's senior unsecured bond rating to BBB+

Dubai, U.A.E., 17 October 2019 – Dubai Aerospace Enterprise (DAE) Ltd. announced today that Kroll Bond Rating Agency (KBRA) had upgraded DAE's senior unsecured bond rating to BBB+ from BBB. The Outlook on the rating is stable.

KBRA's full press release can be found here.