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Prospect News home > News index > List of issuers Q > Headlines for Qatar Real Estate Investment Co. QSC > News item |
Fitch may lift Alaqaria
Fitch Ratings said it placed Qatar Real Estate Investment Co. QSC's long-term issuer default rating and senior unsecured rating of BBB+ on Rating Watch positive and affirmed the short-term issuer default rating of F2.
This follows Barwa Real Estate Co. QSC's plans to launch a tender offer for all the shares of Alaqaria, according to the agency.
Alaqaria's ratings reflect its position as a leading developer of long-term rental housing projects for both state and corporate entities in the state of Qatar as well as its strong operational and strategic ties with Qatar, the agency said.
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