Step forward in the financial plan for Bin Ghatti Holding Limited, which is engaged in the development of luxury real estate in Dubai: the creditworthiness rating was raised by Fitch Ratings. Now the category of the long-term issuer default rating (IDR) has improved, and its national rating has been upgraded from "B+" to "BB-", plus a stable outlook has been assigned.
"This rating increase reflects the company's superior position, its sustainable growth and expansion of the brand at the global level," noted the chairman of Bin Ghatti Holding Limited, Mohamad bin Ghatti.
"The new rating from Fitch Ratings testifies to our professionalism, financial sustainability and viable growth strategy. This confirms our financial strength in the competitive market and our firm commitment to delivering high-quality luxury real estate, featuring architectural excellence and innovative design," he added.
"This rating follows a recent positive rating received from Moody's, strengthening our leading status as a real estate master developer and confirming our ability to successfully implement large-scale projects, attracting investors from all over the world and impacting the future of Dubai," concluded Mohamad bin Ghatti.
