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Moody's downgrades Aldar to Baa2, ratings kept on review

Fri, 2010-02-12 17:51 — newsdesk

Moody's Investors Service today downgraded the ratings for Aldar Properties PJSC (Aldar), the Trust Certificates (sukuk) issued by Sukuk Funding (No. 2) Limited and the guaranteed Notes issued by Atlantic Finance Limited, to Baa2 from A3. Ratings have been kept on review for further possible downgrade as part of the ongoing review of government support for Abu Dhabi and UAE corporates initiated by Moody's on December 9, 2009.

Source: 

http://www.bi-me.com/main.php?c=3&cg=1&t=1&id=43855