Masdar has received an ‘AA-’ credit rating with a stable outlook from S&P Global Ratings, reaffirming its standing as a leading force in the global clean energy sector.
The rating highlights Masdar’s diversified international portfolio, strong growth trajectory, and prudent financial practices, including the effective deployment of green bond proceeds to support the development of new projects.
Following top-tier credit ratings from Moody’s (A1), Fitch (AA-) and now S&P (AA-), Masdar is recognised among the world’s most financially resilient renewable energy companies. This strengthens its ability to pursue sustainable expansion and advance inclusive growth across strategic global markets.
The rating also reflects the robust backing of its three shareholders – Abu Dhabi National Oil Company (ADNOC), Mubadala Investment Company, and Abu Dhabi National Energy Company PJSC (TAQA) – together with the support of the Government of Abu Dhabi.

