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Fitch Lowers Salik's Outlook to Negative on Dubai Credit Outlook Revision

MT Newswires·07/31/2026 00:54:58
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12:54 AM EDT, 07/31/2026 (MT Newswires) -- Fitch on Thursday affirmed its long-term issuer default rating on Salik (DFM:SALIK) at A and revised the outlook to negative from stable. The outlook change reflects a similar revision to the credit outlook of the government of Dubai, which indirectly owns a 75% stake in the Dubai-listed tollgate operator. Fitch said Salik's standalone credit profile, which was maintained at a, is supported by its "exclusive position" in Dubai's toll-road network, low leverage, and long concession agreement.