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A Dubai-owned ports operator that has weathered slower global growth since the financial crisis has emerged as the Gulf's star performer in the bond market.DP World, which operates about 80 terminals in 40 countries, is less dependent on crude prices than some regional companies and has benefited from this year's pickup in global growth.The company is rated BAA2 by Moody's Investors Service, the second lowest investment grade.Still, DP World's expansion plan, including the purchase of sister companies Maritime World and shipyard Drydocks World via a capital injection of $225 million, could hurt its credit profile.DP World's third-quarter gross container volume grew 13.5 percent year-on-year and the company will outperform Drewry Maritime's estimate of 5.5 percent industry throughput growth in 2017, it said in a statement Tuesday.
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