16.06.2016 10:49:00
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Emaar Sukuk Limited -- Moody's upgrades Emaar's ratings to Baa3; outlook stable
London, 16 June 2016 -- Moody's Investors Service has today assigned a Baa3 long-term issuer rating to Emaar Properties PJSC. Concurrently, Moody's has upgraded the rating of the company's senior unsecured $2 billion trust certificate programme established under Emaar Sukuk Limited to (P)Baa3 from (P)Ba1 and upgraded the ratings on Emaar Sukuk Limited's two $500 million senior unsecured sukuk issued under the programme to Baa3 from Ba1. The outlook on all ratings is stable.