Abu Dhabi – Mubasher: Standard and Poor’s Ratings Services (S&P) upgraded its long- and short-term corporate credit ratings on Aldar Properties from "BBB-/A-3" to "BBB/A-2", with a stable outlook.
S&P also raised its rating on Aldar’s AED 750 million sukuk programme, to be matured in December 2018, from "-BBB" to "BBB".
Aldar’s profits grew in the second quarter of the fiscal year 2016 by 8.8% to AED 654 million.
