Moody’s rates Aldar Investment Baa1

Moody's Investors Service said it assigned a Baa1 issuer rating to Aldar Investment Properties LLC.

The outlook is stable.

"Aldar Investments' Baa1 rating reflects the high-quality recurring revenue asset portfolio, with a stable tenant base and occupancy rates, which partially offsets its geographic concentration risk in the Emirate of Abu Dhabi," Lahlou Meksaoui, Moody's assistant vice president and analyst, said in a news release.

The agency said the issuer rating also considers the company’s healthy financial profile with limited development risk.

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