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7/22/24, 1:09 PM Moody's Ratings affirms PNC Investment’s - Sobha Realty - Ba3 CFR
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REAL ESTATE
Moody's Ratings affirms PNC Investment’s - Sobha
Realty - Ba3 CFR
Upgrades its sukuk rating to Ba2; outlook stable
Press Release
July 21, 2024
Dubai: 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, the agency 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 residential and commercial development, reflecting its unwavering
commitment to quality, innovation and customer satisfaction. The foremost backward integrated
company known in the world with all the key competencies and in-house resources to deliver a project
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