Alkhorayef Water keeps “A-” rating from Tassnief

Logo of Alkhorayef Water and Power Technologies Co.

SIMAH Rating Agency (Tassnief) affirmed Alkhorayef Water and Power Technologies Co.’s long-term national rating at “A-” and its short-term rating at “T-3”, with a positive outlook.

Tassnief said Alkhorayef maintains strong credit quality and very low credit risk. The positive outlook reflects the company’s clear strategic plans, solid operational capabilities, strong cash-flow generation, and consistent revenue growth.

The agency added that Alkhorayef’s robust financial position and favorable credit indicators support its ability to meet future financing requirements. It also noted that the company continues to hold the highest “First Grade” classification from the relevant government authorities, supported by its strong financial and credit performance.