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7/23/24, 10:13 AM                           Moody's Affirms PNC Investment’s (Sobha Realty) Ba3 CFR
        Moody’s Affirms PNC




        Investment’s (Sobha Realty)



        Ba3 CFR




        by Editor July 22, 2024 0




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        PNC Investments LLC (PNCI), the parent company of Dubai-based


        residential developer Sobha Realty, received an affirmation of


        Ba3/stable corporate family rating (CFR) from Moody’s Ratings, an


        international rating agency. Additionally, Moody’s has upgraded the


        senior unsecured rating of PNCI’s sukuk, issued by Sobha Sukuk


        Limited, from Ba3/stable to Ba2/stable.



        Being a renowned and trusted name in the real estate sector, Sobha


        Group has continuously delivered excellence in the realm of luxury





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