Promecon
Process Control Systems for the Power Industry
Dubai Electricity and Water Authority (DEWA) has rejected reports that credit downgrades of government-owned firms could lead to an accelerated payment clause for $2bn of its debt. A Moody’s report said that DEWA could come under liquidity pressure due to the acceleration clause on its
Dubai Electricity and Water Authority (DEWA) has rejected reports that credit downgrades of government-owned firms could lead to an accelerated payment clause for $2bn of its debt.
A Moody’s report said that DEWA could come under liquidity pressure due to the acceleration clause on its $2bn Receivables Securitisation Programme issued under Thor Asset Purchase Company.
According to reports, DEWA and five other government-owned companies have been downgraded by Moody’s on December 8 from Baa2 to Ba2 for concerns over lack of sovereign backing.
Process Control Systems for the Power Industry
Hydraulic Cylinder Manufacturing and Repair for Coal Power
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