Emaar Well-Positioned to Face Challenging Market, S&P Says

Emaar Properties PJSC, the United Arab Emirates’ biggest developer, is relatively well positioned to face the challenging domestic real-estate market, Standard & Poor’s said.

Emaar is helped by the “high quality of its rental and hospitality assets and the relatively low remaining exposure to development and cash collection risk,” the rating company said in a research note today. S&P kept the rating on Emaar BB/Negative.