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Tassnief assigns Al Kathiri Holding 'BBB-' rating; outlook stable

Tassnief assigns Al Kathiri Holding 'BBB-' rating; outlook stable
The company has obtained its first ratings from Simah Rating
ALKATHIRI
3008
-1.46% 74.00 -1.10

Riyadh – Mubasher: Simah Rating (Tassnief) has assigned Al Kathiri Holding Company a long-term entity rating of 'BBB-' and a short-term entity rating of 'T-4', with a stable outlook.

The long-term rating reflects the company's creditworthiness and average credit risk relative to other issuers or obligations in Saudi Arabia, according to a bourse filing on Tuesday.

Meanwhile, the short-term rating of (T-4) shows the moderate capacity for timely payment of financial commitments relative to other issuers or obligations.

This rating is the first classification obtained by the company from Simah Rating (Tassnief).