Bin Ghaiti Holdings Limited announced the receipt of a Ba3 rating for corporate families (CFR) for the first time from Moody's Investors Service. Additionally, the company was assigned a Ba3-PD rating for probability of default with a stable outlook. This confirms the sustainability of Bin Ghaiti's operations in various aspects, reflecting its strong presence in the real estate market in Dubai, effective interaction with other companies, and a different financial position.
Highlighting Bin Ghaiti's strengths in the Dubai real estate market and high operational efficiency, Moody's also noted that the company's strategic management from the beginning of project implementation to cost management contributes to increased operational efficiency and helps create strong financial indicators.
In its report, Moody's emphasized that the Ba3 rating indicates the stability of Bin Ghaiti's operations in various sectors, reflecting its strong presence in the Dubai real estate market and effective interaction with other companies.
