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Eden Builders Sukuk ratings maintained at ‘A’

Posted on 06 July 2012

The Pakistan Credit Rating Agency Limited (Pacra) has maintained the rating of the Sukuk of Eden Builders Limited (EBL) at ‘A’ (Single A). The rating denotes a low expectation of credit risk emanating from a strong capacity for timely payment of financial commitments.
The rating reflects the strong underlying security structure of the Sukuk. At the same time, it incorporates the heritage attached with the brand - “Eden” - a well-known name in Lahore’s real estate development business. Eden with a focused strategy has been providing housing solutions for middle-income tier for three decades………………………………………..Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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