Credit Ratings Advisory
Leading Dubai real estate developer
A privately owned Dubai real estate and lifestyle developer, established in 2007 and active across prime locations in the emirate, required assistance in completing its debut credit rating exercise. ALP acted as sole rating adviser.
Scope of work
Financial strategy and business plan developed for the long term, with management taken through governance, the risk management framework and the internal financial policies needed to run and manage the business effectively.
Financial model built in detail to support the rating case, with projections across the development pipeline and sensitivities run against the assumptions the agencies would test.
Credit story crafted for the rating agencies, presenting the business holistically rather than metric by metric, with a ratings presentation developed from it.
Management prepared to deliver the presentation, with agency queries handled following the management meeting.
Process managed through to the rating, with a single point of advice maintained across the exercise.
Outcome and value
- A debut credit rating obtained for the company.
- Governance and financial policy strengthened through the preparation.
- Access to debt capital markets opened for subsequent issuance.