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UAE - Emaar gets 'BBB-' rating from S&P
(MENAFN- Khaleej Times) The long-term corporate credit rating on Emaar Properties has been upgraded by Standard & Poor's Rating Services to 'BBB-' from 'BB+' with a stable outlook.
The rating reflects the sound performance of Emaar's shopping mall and hospitality assets, and the successful launch and pre-sale of high-margin developments in Dubai
The enhanced rating by Standard & Poor's follows the recent upgrade by EFG Hermes of Emaar to 'buy' status from 'neutral'
The rating reflects the sound performance of Emaar's shopping mall and hospitality assets, and the successful launch and pre-sale of high-margin developments in Dubai
The enhanced rating by Standard & Poor's follows the recent upgrade by EFG Hermes of Emaar to 'buy' status from 'neutral'
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