Emaar Malls rating affirmed as BBB-

Rating agency Standard and Poor’s affirmed its BBB- long-term corporate credit rating for Emaar Malls Group.

The outlook for the Dubai-based real estate company is “stable,” the rating agency said and that it has aligned its rating for Emaar Malls Group with Emaar Properties.

“The affirmation reflects our view the EMG is a core entity for Emaar Properties [the group] given that it is an integral to the group’s current identity and future strategy,” Standard and Poor’s said in a statement.

Source: Staff Report, gulfnews.com


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