Tassnief maintains Quara’s ‘BBB-’ credit rating

Quara Finance says Tassnief’s ratings reflect its sustained profitability profile, superior capitalization and liquidity indicators

Quara Finance Co. said that Tassnief Rating Agency maintained the long-term entity rating of “BBB-” on the company, and short-term entity rating of “T-4” with a “stable” outlook.

In a statement to Tadawul, the company noted that the assigned ratings incorporate a largely sustained profitability profile, superior capitalization and liquidity indicators vis-à-vis peers, and sufficient funding sources to support business growth.

Ratings also reflect sound governance and risk management framework, and implementation of comprehensive policies and procedures, the statement added.