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Cairo for Investment & Real Estate Development – 1st Sukuk Issue

Cairo for Investment & Real Estate Development – 1st Sukuk Issue

MERIS (Middle East Rating & Investors Service) Assigns the National Scale Rating (NSR) of Cairo for Investment & Real Estate Development S.A.E. (CIRA), at “A”, with a “Stable Outlook” For Both the Entity and the Ijara Sukuk Instrument, to be Issued by EFG Hermes Sukuk Company (Second Issue).

 

English Press Release

Project details

Date:February 11, 2021
Client:Cairo for Investment & Real Estate Development - 1st Sukuk Issue
Categories:Hightlights
Launch project
MERIS (Middle East Rating & Investors Service) affirms the National Scale Rating (NSR) of an “BBB+” grade for Golden Pyramids Plaza’s (Citystars Properties) second bond and maintains the “BBB-” grade for the entity. The rating outlook is maintained at “Stable” for both the entity and the instrument.

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