Moody's has upgraded the issuer rating of Aldar Properties (Aldar) to Baa2 from Baa3 with a stable outlook on all ratings. Concurrently, Moody's upgraded the rating of the USD750mn senior unsecured Trust Certificates to Baa2 from Baa3. Moody’s cited the company’s deleverage balance sheet, improved earnings quality, and the company’s ability to withstand the ongoing weakness in the Abu Dhabi real estate market as the reasons supporting the upgrade. (Bloomberg, Trade Arabia) Aldar (AD): AED2.59 as 8 Feb, Rating: Buy, TP: AED3.37/share, MCap: USD5,549mn, ALDAR UH/ALDR.AD