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7/22/24, 1:10 PM Moody's Ratings Affirms PNC Investment's (Sobha Realty) Ba3 CFR And Upgrades Its Sukuk Rating To Ba2 Outlook Stable
Moody's Ratings Affirms PNC Investment's
(Sobha Realty) Ba3 CFR And Upgrades Its
Sukuk Rating To Ba2 Outlook Stable
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7/21/2024 9:05:23 PM
(MENAFN- Mid-East) 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 from conceptualization to completion ensuring timely delivery
and unmatched quality. In the fast-paced real estate market of Dubai, Sobha Group is poised
for unparalleled achievement owing to its strong portfolio of landmark projects and steady
expansion.
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