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Moody's Maintains Emaar Baa1 Outlook
Moody's Credit Rating Agency confirmed Emaar Properties' rating at Baa1, with a stable outlook. This reflects the resilience of its credit position, supported by steady revenue streams, consistent cash flows, total accumulated revenues of approximately AED 155 billion, and earnings before interest, taxes, depreciation, and amortization (EBITDA) of around AED 8 billion. The rating indicates that Emaar remains within the investment-grade category, with expectations of a stable long-term outlook. Emaar's stock increased by 5.4% in September, reaching AED 11.70, amid a positive performance that underscores confidence in its financial position and future investment prospects.
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