Monday, February 9, 2009

Fitch Assigns 'BBB+' Rating to Ahmed Al Arab


Despite the conspicuous "AAA" on its sign, Fitch Restaurant Ratings has assigned Ahmed Al Arab in Abu Dhabi a 'BBB+' rating with a Stable Outlook.

The lamb kebabs remain a good choice, and although there is a risk that the quality of food can ebb as the night goes on, Fitch believes this risk is not likely to materialize and is commensurate with the assigned rating.

Fitch believes that Ahmed Al Arab will be able to continue to provide edible food close to the Garden Coffe[sic] Shop, a shisha joint near the intersection of Muroor Road and 15th Street. This is captured by Fitch's Going Concern Assessment on Ahmed Al Arab, which is an internal view on the "survivability" of both the restaurant's overall franchise and its delivery business.

The rating also benefits from a generous helping of curried spinach and bread that seems to come with every order. Price of a meal for one: Dh15.



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