03 Jul 2019, Gergana Bencheva, EMIS Editor
Moody’s assigns “Baa3” rating to Emirates Strategic Investments Company
Moody's Lead Analyst, Lahlou Meksaoui, explained that the group’s Baa3 rating was supported by its strong financial profile. The rating also shows the company's high occupancy rates of its recurring income property portfolio as well as its good liquidity and low leverage.
The credit agency underlined that ESIC's rating would be revised down if the UAE real estate market maintained its week performance and the company liquidity or credit metrics deteriorated, Mubasher added.
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