News & Credit Rating Announcements
24 October 2019 | Country: Kuwait
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United Real Estate - KWD60mn Bond Ratings Affirmed
Overview
Capital Intelligence Ratings (CI), the international credit rating agency, today announced that it has affirmed the rating of United Real Estate Company's (URC) KWD60mn Bond at 'BBB'. While the Outlook is maintained at Stable, high and rising leverage is exerting strong downward pressure and action would be required should the leverage ratio fall out of the range for the current rating.
Attachments
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Rating Announcement (CRA)
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