Press Release: Abu Dhabi-based Aldar Properties 'B/B' ratings affirmed on government rescue; off CreditWatch; outlook stable
Abu Dhabi-based property company Aldar Properties PJSC's capital structure is likely to strengthen following asset sales to the government and the issuance of a mandatorily convertible bond to the emirate's investment company, Mubadala. We are affirming our 'B/B' ratings on Aldar, removing them from CreditWatch developing, and assigning a stable outlook.
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