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Moody’s assigns B1 rating to Emaar’s $2bln sukuk

Posted on 19 January 2011

From Arabianbusiness.com: Emaar Properties, the developer of the world’s tallest tower in Dubai, had its $2bn Islamic bond assigned a “B1” rating at Moody’s Investors Service. The outlook is negative.
“The negative outlook reflects refinancing risks that Emaar is facing over the coming 18 months,” the rating agency said in an emailed statement on Tuesday……………………………………….Full Article: Source

 
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