Ferrari World Developer Aldar Gets Debt Help From Moody’s - Bloomberg:
"The builder of the world’s biggest indoor theme park isn’t waiting long to refinance debt after winning an investment-grade rating last month.
Aldar Properties PJSC, Abu Dhabi’s largest real estate company, plans to extend maturities on its obligations, Chief Financial Officer Greg Fewer said in an interview. The builder of the sheikhdom’s biggest shopping mall is also seeking to reduce borrowings by almost 40 percent by the end of next year, he said.
“We are refinancing and managing our duration” with a bias toward longer-dated debt, Fewer said by phone Dec. 1. “The yields remain very low and the local bank market is still flush with liquidity.”"
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