Commercial Facilities Company’s KWD50mn Bond – Rating Affirmed at ‘BBB’; Outlook on the Rating reverts to ‘Stable’ from ‘Positive’

Overview

Capital Intelligence (CI), the international credit rating agency, today announced that it has affirmed the ‘BBB’ Rating on this bond, with a ‘Stable’ outlook. The Rating and Outlook are supported by the sound capital base, and the widening of the company’s funding sources, as a result of the addition of new and increased medium-term bank facilities. The rating is also supported by the sound Financing Receivables Loss Reserve (FR-LR) coverage, as well as by ample liquidity, which currently comfortably covers short-term debt.

Attachments

• Credit Rating Announcement (CRA)
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