Moody’s upgrades outlooks for Emaar Malls and Emaar Properties to stable

RIYADH: Moody’s Investors Service has upgraded the outlook of the property and malls divisions of Dubai-based Emaar, the firm has announced.

The international credit rating agency has changed the outlook to stable from negative for both Emaar Properties and Emaar Malls Management.

Emaar Properties has retained its Baa3 long-term issuer rating, while Emaar Malls Management keeps its Baa2 grade.

Emaar Properties