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...