17.02.2014 12:51:00
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Emaar Sukuk Limited -- Moody's upgrades Emaar's ratings to Ba1 from Ba3; Stable outlook
London, 17 February 2014 -- Moody's Investors Service has today upgraded the corporate family rating (CFR) of Emaar Properties PJSC (Emaar) to Ba1 from Ba3 and the company's probability of default rating (PDR) to Ba1-PD from Ba3-PD. Concurrently, Moody's has upgraded the provisional rating of Emaar Sukuk Limited to (P)Ba1 from (P)B1 and the sukuk issued under this trust certificate programme to Ba1 from B1. The outlook on all ratings is Stable.