by Amruth Sundarkumar | Mar 31, 2022 | Corporates, Credit Ratings
Qatari real estate company Ezdan was upgraded to B- from CCC by S&P. The upgrade comes after the developer secured a QAR 830mn ($228mn) financing to address its $500mn dollar sukuk maturing April 5, 2022. S&P believes that the short-term default risk is now...
by bondevalue | Mar 1, 2021 | High Yield Bonds
Qatari real estate developer Ezdan Holdings said on Friday that it will be able to repay its dollar sukuk maturing in May this year and April 2022, in response to an S&P downgrade to CCC from B- on default and/or restructuring risk. The company said via an email...
by bondevalue | Feb 25, 2021 | Credit Ratings
Qatar’s Ezdan Holding Group has been downgraded to CCC from B- by S&P, which mentioned that the property developer faces a risk of debt restructuring or default as they are yet to obtain credit-lines to meet upcoming maturities of its $500mn senior unsecured sukuk...
