MERIS Ratings

MERIS (Middle East Rating & Investors Service) Assigns National Scale Ratings (NSR) to the 22nd Multiple-Tranche Asset-Backed Securitization Bond Issued by Sarwa Securitization Company

MERIS (Middle East Rating & Investors Service) affirmed the National Scale Rating (NSR) of an “A” grade for Golden Pyramids Plaza’s (Citystars Properties) second bond and maintains the “BBB+” grade for the entity. The rating outlook is maintained at “Negative” for both the entity and the instrument.

MERIS (Middle East Rating & Investors Service) Assigns National Scale Ratings (NSR) to the Seventh Multiple-Tranche Asset-Backed Securitization Boned Issued by The Egyptian Securitization Company and Originated by Corplease S.A.E.

MERIS (Middle East Rating & Investors Service) Assigns National Scale Ratings (NSR) to the Sixth Multiple-Tranche Asset-Backed Securitization Bond Issued by Al Rehab Securitization Company and Originated by United International Trading Company “elmobasher” LLC

MERIS (Middle East Rating & Investors Service) affirms the National Scale Rating (NSR) of an “A” grade for Golden Pyramids Plaza’s (Citystars Properties) second bond and maintains the “BBB+” grade for the entity. The rating outlook is maintained at “Negative” for both the entity and the instrument.

MERIS (Middle East Rating & Investors Service) Affirms the National Scale Ratings (NSR) to the Fifth Multiple-Tranche Asset-Backed Securitization Bond Issued by The Egyptian Securitization Company and Originated by Corplease S.A.E.

MERIS (Middle East Rating & Investors Service) Affirms The National Scale Ratings (NSR) to The Sixth Multiple-Tranche Asset-Backed Securitization Bond Issued by The Egyptian Securitization Company and Originated by Corplease S.A.E.

MERIS (Middle East Rating & Investors Service) Assigns 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

MERIS (Middle East Rating & Investors Service) affirms the National Scale Rating (NSR) of an “A-” grade for Housing and Development Bank “HDB” for the entity, with a “Stable” Outlook

MERIS (Middle East Rating & Investors Service) Assigns National Scale Ratings (NSR) to the 28th Multiple-Tranche Asset-Backed Securitization Bond Issued by Sarwa Securitization Company