- Rating agencies Moody's and Fitch highlight Masdar's track record and assets 
in clean energy and sustainable real estate in assigning A2 and A+ grades

- First-time credit ratings will give Masdar greater flexibility in financing 
and investing in new projects as company looks to accelerate global expansion


In a significant milestone for one of the world's fastest-growing renewable 
energy and sustainable development companies, Masdar, a subsidiary of Mubadala 
Investment Company, announced today that Moody's Investor Services and Fitch 
Ratings have assigned it first-time credit ratings that place the company 
firmly in the investment grade category.

Moody's and Fitch, two of the leading agencies that evaluate the 
creditworthiness of commercial and sovereign entities, issued long-term ratings 
of A2 and A+ respectively, both with a stable outlook, following extensive due 
diligence in accordance with their global ratings standards.

Masdar's status as a Government Related Entity (GRE) of the Government of Abu 
Dhabi, itself rated Aa2 by Moody's and AA by Fitch, and the company's status as 
a subsidiary of Mubadala Investment Company and Mamoura Diversified Global 
Holding PJSC, were key drivers in determining the ratings.

While Masdar has no concrete plans to raise capital, the credit ratings will 
provide the company with a solid platform to access capital markets, providing 
greater flexibility for financing of and investment in new projects at 
competitive rates as it accelerates its global expansion. Masdar is already 
committed to renewable energy projects across more than 30 countries, with a 
combined value of US$20 billion and a generation capacity nearing 13 GW.
In setting the rankings, the agencies highlighted Masdar's extensive track 
record and sector expertise, in addition to its very low exposure and reliance 
on external debt, supported by strong backing from Mubadala and the government 
of Abu Dhabi.

Musabbeh Al Kaabi, Chief Executive Officer of the UAE Investments at Mubadala, 
said: "The A2 and A+ ratings from Moody's and Fitch are a reflection of 
Masdar's robust portfolio of renewable energy and sustainable real estate 
assets and its crucial role in the diversification of the Abu Dhabi economy. 
The ratings demonstrate the strength of Masdar's position as a global player in 
the sustainable development sector and validate the futuristic ambitions that 
stared 15 years ago when Mubadala first incubated Masdar as the UAE's renewable 
energy and sustainable urban development arm."

When assessing the company's main revenue drivers, the ratings agencies made 
the link between Masdar City, the company's flagship sustainable urban 
development project, and increasing global appetite for sustainable real estate 
developments, with the added advantage of Masdar being a free zone located 
strategically between Europe and Asia. They also analysed Masdar's second 
primary revenue source, its investments in global clean-energy projects, with 
the global surge in awareness on climate action increasing demand for 
energy-transition investments and providing solid long-term growth 
opportunities for the company.

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: "The award 
of these investment grade credit ratings marks a key milestone in Masdar's 
development journey. The ratings are a strong endorsement of Masdar's financial 
stability and the creditworthiness of our core business model, and reflect 
confidence in Masdar's cash generation ability, unrestricted liquidity, and 
future growth prospects as an Abu Dhabi-based company. As we progress on our 
global expansion journey, we recognize the importance of transparency and good 
governance, and our first-time ratings are testament to those values."
Masdar, also known as Abu Dhabi Future Energy Company, is one of the world's 
fastest growing companies in the sphere of sustainability. Masdar City is an 
innovation hub and free zone that hosts more than 900 commercial tenants and 
thousands of employees and residents living and working in one of the world's 
most sustainable communities.
 
Photo - 
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SOURCE: Masdar