three year comparison Analytical explanation of: Financial status (assets, liquidity, capital expenditure, sources of capital (debt / equity)) Performance (income and equity of business, expenditure

investing in real estate projects without having to put up a sizable outlay as normally required in a direct investment in real estate. Furthermore, the investment is professionally administered by experts in

preparing information to assist investors with an investment decision making. Therefore, the SEC adopts regulatory approaches for credit rating agencies to be in line with the Code of Conduct Fundamentals for