SIMAH Rating withdraws rating for Al Kathiri on contract non-renewal

05/12/2023 Argaam

SIMAH Rating withdraws rating for Al Kathiri on contract non-renewal

Logo of Al Kathiri Holding Co.

SIMAH Rating (TASSNIEF) withdrew its long-term "BBB-" rating assigned to Al Kathiri Holding Co.

 

The agency explained in its report that the company did not renew the classification contract.

 

In October 2021, TASSNIEF assigned Al Kathiri a long-term entity rating of "BBB-" and a short-term entity rating of "T-4" with a stable outlook, according to data available on Argaam.

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