Riyadh – Mubasher: SIMAH Rating Agency (Tassnief) has granted the Saudi Telecom Company (stc) the highest grade credit rating of “AAA” for the long term and “T1” for the short term.

The assigned credit rating grade highlights Tassnief’s positive vision on stc, underpinned by its strategic plans and operational capability with the support of its high cash flows and revenue growth, according to a bourse statement on Thursday.

Additionally, it captures stc’s strong financial position and credit indicators to meet any future financing requirements.

Tassnief is licensed by the Capital Market Authority (CMA).