MERIS Ratings

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).

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

Golden Pyramids Plaza (citystars) 2nd Issue

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

Sarwa Securitization Co. 25th Issue (Palm Hills 2nd Issue)

MERIS (Middle East Rating & Investors Service) Affirms the National Scale Ratings (NSR) to the 25th 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

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

Sarwa Sukuk Company 1st Issue

MERIS (MIDDLE EAST RATING & INVESTORS SERVICE) ASSIGNS NATIONAL SCALE RATINGS (NSR) TO THE 1st MUDARABAH SUKUK TRANSACTION ISSUED BY SARWA SUKUK COMPANY S.A.E.

The Egyptian Securitization Co. 10th Issue (Corplease 9th Issue)

MERIS (MIDDLE EAST RATING & INVESTORS SERVICE) ASSIGNS NATIONAL SCALE RATINGS (NSR) TO THE TENTH MULTIPLE-TRANCHE ASSET-BACKED SECURITIZATION BOND ISSUED BY THE EGYPTIAN SECURITIZATION COMPANY AND BACKED BY A PORTFOLIO ORIGINATED BY CORPLEASE S.A.E. (NINTH PORTFOLIO)

Financial Group for Securitization 1st Issue (Premium International 1st Note)

MERIS (Middle East Rating & Investors Service) Assigns a National Scale Ratings (NSR) to the 1st Asset-Backed Short-Term Securitization Note Issued by Financial Group for Securitization Company and Backed by a Portfolio of Receivables Originated by Premium International for Credit Services Company S.A.E.

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