Moody's considers ratings downgrade for Dubai-based Binghatti amid Iran war fallout
Moody's Ratings has placed Dubai-based developer Binghatti Holding’s ratings on review for a potential downgrade on the company’s deteriorating liquidity profile and uncertainty about its ability to generate cash flows amid war-driven uncertainty. The Ba3 corporate family rating and Ba3-PD probability of default rating of the luxury property developer, which previously had a stable outlook, are…
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