Thursday 12/June/2025 – 01:21 AM
The Standard & Poor’s agency and Modes raised the long -term credit rating of Emaar Properties, supported by strong financial performance and stable cash flows, which reflects a remarkable improvement in the company’s credit status amid expansion in the revenue base and the decline in debt levels.
Standard & Poor’s and Modes raises the credit rating of Emaar Real Estate
According to the last update, Standard & Poor’s raised the Emaar from BBB to BBB+, while Moody’s raised its rating from the BAA2 to the BAA1, while giving them a stable future look, reflecting the confidence of the two institutions in sustaining the company’s financial and operational performance in the medium term.
This comes with strong financial indicators, including the arrival of real estate sales accumulated from projects under completion to about 127 billion dirhams until March 2025, which supports a clear vision of cash flows until 2028.
The stable financial center of the company, its low debt, and its achievement of strong profit margins before calculating benefits, taxes, consumption and destruction, also contributed to enhancing its credit evaluation.
