Simah Rating Grants Al Kathiri Long-Term Entity Rating of BBB

Al Kathiri Holding Co. Announces that it has obtained a long-term entity rating of “BBB-” (Triple B minus). The outlook on the rating is “Stable” from Simah Rating (Tassnief)

Al Kathiri Holding Company announced on Tuesday that it has obtained a long-term entity rating of “BBB-’’ and short-term entity rating of “T-4” . The outlook on the rating is “Stable”.

Long term rating of ‘BBB-’ denotes adequate creditworthiness and average credit risk relative to other issuers or obligations in the Kingdom of Saudi Arabia.

The short-term rating of (T-4) indicates the moderate capacity for timely payment of financial commitments relative to other issuers or obligations.

This classification is the first classification obtained by the company from Simah Rating (Tassnief).