Rating assigns Mayar 'BBB', outlook stable

17/12/2024 Argaam
Logo ofMayar Holding Co.

Logo of Mayar Holding Co.

Mayar Holding Co. received a long-term rating of “BBB”, with a stable outlook from Rating, a financial analysis company. 

 

The rating indicates adequate creditworthiness and a moderate level of credit risk, the company said in a statement to Tadawul.

 

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The credit rating also reflects a positive outlook for Mayar’s position, as well as the strength of its financial position and credit indicators to meet any future financing requirements.
 
This is the company's first credit rating, the statement added.

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