Press Release: Moody's places Aldar's ratings on review with direction uncertain
Moody's Investors Service has today changed the direction of the ongoing review of the ratings of Aldar Properties' PJSC (Aldar) to direction uncertain, having previously had the ratings on review for possible downgrade. The affected ratings are Aldar's Ba3 Corporate Family Rating (CFR), the B1 debt instrument ratings for Aldar's $1.25bn bond (due 2014 and issued by Atlantic Finance Limited) as well as for its Dhs3.75bn sukuk (due 2013 and issued by Sukuk Funding (No. 2) Limited).
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