(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'
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