Moody's withdrew the Baa2 long-term issuer rating of Jebel Ali Free Zone FZE, also known as Jafza, and revised its outlook to rating withdrawn from stable, for business reasons.
The action comes on the heels of Jafza's repayment of sukuk previously rated by the rating agency.
Jafza, which is wholly owned by Economic Zones World FZE, operates free, economic and industrial zones in the United Arab Emirates.
