The Egyptian Securitization Company 9th Issue (Palm Hills 5th Issue)

The Egyptian Securitization Company 9th Issue (Palm Hills 5th Issue)

MERIS (MIDDLE EAST RATING & INVESTORS SERVICE) ASSIGNS NATIONAL SCALE RATINGS (NSR) TO THE 9th MULTIPLE-TRANCHE ASSET-BACKED SECURITIZATION BOND ISSUED BY EGYPTIAN 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 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.

Date:	February 4, 2021
Client:	The Egyptian Securitization Company 9th Issue (Palm Hills 5th Issue)
Categories:	Hightlights