Sarwa Secuitization Co. 29th Issue (Palm Hills 3rd Issue)

Sarwa Secuitization Co. 29th Issue (Palm Hills 3rd Issue)

MERIS (Middle East Rating & Investors Service) Affirms the National Scale Ratings (NSR) to the 29th Multiple-Tranche Asset-Backed Securitization Bond issued by Sarwa Securitization Company and Backed by a Portfolio of Real Estate Receivables Originated by Palm Hills Development Company and its Subsidiaries

English Press Release

MERIS (Middle East Rating & Investors Service) affirms the National Scale Rating (NSR) of “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.

Date:	September 13, 2020
Client:	Sarwa Secuitization Co. 29th Issue (Palm Hills 3rd Issue)
Categories:	Hightlights