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KM Financial Solutions | UPDATE 1-S&P cuts DAMAC’s rating, puts Emaar Properties, Emaar Malls on creditwatch
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UPDATE 1-S&P cuts DAMAC’s rating, puts Emaar Properties, Emaar Malls on creditwatch

27 Mar UPDATE 1-S&P cuts DAMAC’s rating, puts Emaar Properties, Emaar Malls on creditwatch

Posted at 12:05h in News by
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S&P Global Ratings has
downgraded Dubai’s DAMAC Properties to B from B+ and
placed the BBB-(minus) ratings of Emaar Properties and Emaar
Malls on creditwatch with negative implications, the ratings
agency said in a statement.

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