Abu Dhabi: Al Mazaya Holding confirmed on Monday it has been assigned a BBB- rating for the long-term and an A3 rating for the short term by ratings agency, Capital Intelligence, and a ‘Stable’ outlook.
The company said the ratings are supported by the “diversity of the business model and its sound cash liquidity, its strong profitability, in addition to the nature of the financial obligations of the company, which are long-term obligations, and the company has enough operating profit to cover the bank interests.”
