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Fitch affirms Hamriyah Free Zone
Fitch Ratings said it affirmed Hamriyah Free Zone Authority's long-term issuer default rating at BBB+ and short-term issuer default rating at F2.
The outlook is stable.
The ratings reflect a strong relationship between Hamriyah Free Zone and the Emirate of Sharjah, Fitch said.
The ratings also reflect the company's close links to Sharjah, including its direct 100% ownership, a key component of the ratings, the agency said.
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