Our credit view of this issuer reflects its stable financial performance and excellent liquidity, balanced exposure to riskier regions and some increase in leverage due to M&A
Our credit view of e& reflects its leading position in the lucrative UAE market and strong credit metrics, balanced by its exposure to riskier regions and acquisitive strategy.
The transaction is credit neutral, but demonstrates e&'s increased willingness to acquisitions which may pose a risk to the strength of its balance sheet