Wednesday, 18 October 2017 02:47 GMT

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'
UAE - Emaar gets 'BBB-' rating from S&P