Moody's: Aldar, Abu Dhabi agreement is positive

Moody's Investors Service said that the announced agreement between Aldar Properties PJSC, rated B2, negative, and the Government of Abu Dhabi, rated Aa2, stable, is credit-positive for Aldar.

Overall, Moody's says that the deal alleviates its concerns relating to Aldar's 2012 debt maturities, as previously expressed in the rating agency's credit opinion dated Sept. 19.

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