Mubasher: The KWD 30 million ($98.9 million) senior unsecured bonds issue of National Industries Group Holding, listed on Boursa Kuwait and Dubai Financial Market (DFM), was assigned a ‘BBB-’ initial rating by Capital Intelligence Ratings (CI Ratings), with a ‘Stable’ outlook.

The rating shows the company’s ability to pay interest payments and principal as well as sound operating performance at most subsidiaries and associated companies of different industrial sectors, according to a statement to Boursa Kuwait on Thursday.

The company stressed that the rating does not have financial impact on its profits and losses.