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SODIC Securitization Co. 1st Issue

SODIC Securitization Co. 1st Issue

MERIS (Middle East Rating & Investors Service) Assigns National Scale Ratings (NSR) to the First Issue of the First Multiple-Tranche Asset-Backed Securitization Program Issued by SODIC Securitization Company and Backed by a Portfolio of Real Estate Receivables Originated by SOREAL and Tabrouk (Wholly Owned Subsidiaries of SODIC)

 

English Press Release

Project details

Date:August 1, 2021
Client:SODIC Securitization Co. 1st Issue
Categories:Hightlights
Launch project
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.

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