Azizi Developments receives first time rating of 'BB-' with a stable outlook from Fitch

Gulf International Finance Limited (regulated by the DFSA) has acted as the ‘Sole Ratings Advisor’ to Azizi Developments LLC on their debut rating exercise. We wish to congratulate Azizi Developments on being awarded ‘BB-’ rating by Fitch Ratings with a stable outlook, despite the challenging macroeconomic environment. GIFL has an experienced team of professionals with a strong background in Capital Markets and Ratings Advisory who have worked on multiple transactions in this area over the last 15 years. We are working with several debut issuers in the region and helping them through the entire process of Ratings to issuance of Sukuks/Bonds.

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