Ratings agencies upgrade leading Dubai property developer
DUBAI, UAE - Emaar Properties PJSC, a prominent real estate developer in Dubai, listed on the Dubai Financial Market, has received credit rating upgrades from Fitch Ratings, Moody's, and S&P Global, indicating strong financial performance and improved leverage ratios.
Fitch Ratings has raised Emaar Properties' Long-Term Issuer Default Rating from 'BBB-' to 'BBB,' with a Stable Outlook. Similarly, Moody's has upgr