19 Hrs
Source:
المشهد العربي
Emaar's credit rating stays at BBB+
S&P Global Ratings has affirmed Emaar Properties' credit rating at BBB+ with a stable outlook, praising the company's approach to luxury real estate development within the UAE and its diversification of revenue sources. The company has deferred sales revenues from projects totaling nearly AED 165 billion as of June and reported operating profits before impairments of AED 24.4 billion in the previous year.
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