Browse
related articles
Bank of America rates Aldar 'overweight'
- United Arab Emirates: Thursday, July 09 - 2009 at 11:27
Bank of America Corp. has rated Aldar Properties' 2014 bonds as 'overweight' citing government backing and 'ample liquidity and land bank value,' Bloomberg has reported. London-based analysts Tala Boulos and David Lewis have said that Aldar has been unfairly punished by developments in Dubai. 'We view Abu Dhabi as a strong sovereign and strongly believe that should Aldar be under financial distress, the government of Abu Dhabi would have both the ability and willingness to intervene,' they said.
Also consider reading:
Today's top stories
Week's top stories
Browse
related articles
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
Staff
