Bin Ghati Holding Company, Ltd., operating in the field of luxury real estate development in Dubai, has announced that it raised its credit rating by the international agency «Fitch», as its classification increased to the possibility of defaulting long-term debt (IDR), as well as the classification of its un guaranteed debt from “B+” to “BB-”, and Fitch also granted the company the classification of a “stable future look”.
“Bin Ghati” stated, in a statement, that this promotion reflects the excellent situation of the company, the path of its sustainable growth, and the expansion of its brand globally.
“Bin Ghati Holding, Ltd.”, Mohamed bin Ghati said: “It provides us with the new” Fitch “agency classification is the best testimony of the excellence and leadership of the company, its financial wisdom, and its vital strategy for growth. It also confirms our financial strength in this competitive market, and our firm commitment to providing high -quality luxury real estate, which combines architectural excellence and innovative designs.
He added: «This classification comes in the aftermath of the previous positive classification that the company (Moody’s) has granted to the company recently, which enhances our distinguished position as a pioneering real estate developer, and confirms our great ability to implement global level projects that attract investors from all over the world, and contributes to the formation of the future of Dubai.
Follow our latest local and sports news and the latest political and economic developments through Google News