Abu Dhabi - Mubasher: Abu Dhabi Future Energy Company (Masdar) has been assigned a ‘AA-’ credit rating with a stable outlook by S&P Global Ratings, anchoring its position as a global leader in renewable energy.

The rating reflects Masdar’s diversified portfolio, growth prospects, and use of green bonds for new projects, according to a press release.

Masdar, recognized among the most financially robust renewable energy companies worldwide, secured top ratings from Moody’s ‘A1’ and Fitch ‘AA-’. This enables the company to maintain its expansion across key global markets.

It is worth highlighting that the rating is further supported by the company’s shareholders, Abu Dhabi National Oil Company (ADNOC), Mubadala, and TAQA, as well as the Government of Abu Dhabi.

Masdar recently closed a $1.10 billion deal for the 2-gigawatt (GW) Al Sadawi solar project, along with GD Power and Korea Electric Power Corporation.