ASG obtains "BBB-" rating with stable outlook

ASG Plastic Factory received assigned a long-term entity rating of "BBB-" with a stable outlook and a short-term entity rating of "T-4"

ASG Plastic Factory Co. received, on Jan. 28, a report from SIMAH Rating Agency (Tasneef), stating that the company has been assigned a long-term entity rating of "BBB-" with a stable outlook.

In a statement to Tadawul, the company said it also obtained a short-term entity rating of "T-4".

This rating reflects the company’s creditworthiness and ability to meet its financial obligations, supported by stable operating cash flows and an adequate financial position. It supports the stability of the company’s performance, operational and expansion plans, and commitment to an effective governance and risk management framework, the statement added.