Summary: Tourism Development and Investment Co. P.J.S.C. - S&P Credit Research

Summary: Tourism Development and Investment Co. P.J.S.C.

1661 words — Published Jul 26, 2012
Price $225.00  |  Buy this Report Now

About This Report


Standard&Poor's Ratings Services rates Abu Dhabi-based Tourism Development and Investment Co. P.J.S.C. (TDIC) according to its enhanced criteria on government-related entities (GREs). Although the government does not formally guarantee TDIC's liabilities, we equalize the ratings on TDIC with those on the Emirate of Abu Dhabi (AA/Stable/A-1+). We base this assessment on what we believe to be TDIC's "critical" role for Abu Dhabi's official long-term development strategy and our view of the company's "integral" link with the government. Accordingly, we consider extraordinary government support in times of financial stress to be "almost certain." The government has sole ownership of the company through the Abu Dhabi Tourism and Culture Authority (TCA Abu Dhabi), and the chairman of TDIC's board, also

Brief Excerpt:

RESEARCH Summary: Tourism Development and Investment Co. P.J.S.C. Publication date: 26-Jul-2012 Primary Credit Analyst: Dima B Jardaneh, Dubai (971) 4-372-7154; Secondary Contact: Tommy J Trask,...

Report Type:


Hotels, Resorts & Cruise Lines (25301020)
Global Issuers
Europe, Middle East, Africa
Buy Now

S&P Credit Research—S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author

Cite this Report

S&P Credit Research. "Summary: Tourism Development and Investment Co. P.J.S.C." Jul 26, 2012. Alacra Store. Feb 28, 2015. <>
S&P Credit Research. (). Summary: Tourism Development and Investment Co. P.J.S.C. Jul 26, 2012. New York, NY: Alacra Store. Retrieved Feb 28, 2015 from <>
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.