Tassnief assigns long-term rating of ‘BBB-’ to Al Kathiri, outlook ‘Stable’

Logo of Al Kathiri Holding Co.

Al Kathiri assigned LT entity rating of ‘BBB-’, ST rating of ‘T-4’ with Stable outlook from Tassnief

Al Kathiri Holding Co. was assigned a long-term entity rating of “BBB-’’ and short-term entity rating of “T-4” with “Stable” outlook, the company said in a statement to Tadawul.

The long-term rating reflects adequate creditworthiness and average credit risk relative to other issuers or obligations in Saudi Arabia, while the short-term rating reflects the moderate capacity for timely payment of financial obligations.

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