UPDATE 1-S&P cuts DAMAC’s rating, puts Emaar Properties, Emaar Malls on creditwatch
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.
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.
Posted by Reuters
