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Another Abu Dhabi Fund Seeks Out Credit Ratings

Stock quotes in this article: NCX  

ADAM SCHRECK

DUBAI, United Arab Emirates (AP) — Another Abu Dhabi state investment fund has sought out credit ratings, a rare step toward greater transparency that could make buyout financing easier to get.

The ratings issued Monday to International Petroleum Investment Co. by the three leading rating agencies are the same as the high investment-grade sovereign ratings held by the government of Abu Dhabi.

IPIC Managing Director Khadem al-Qubaisi said the move will expand the company's funding options for new and existing projects. ...

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