Account log in

Forgot your password?

CI Seminars

CI Seminars

News & Credit Rating Announcements

23 December 2020 | Country: Kuwait

National Industries Group Holding – Bond Ratings Affirmed; Outlooks Revised to Negative


Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the ratings of National Industries Group Holding's (NIG) KWD25mn Senior Unsecured Bond (maturing December 2021) and KWD30mn Senior Unsecured Bond (maturing February 2025) at 'BBB' and 'BBB-', respectively. At the same time, CI Ratings has revised the Outlook for both ratings to Negative from Stable due to the impact of Covid-19 on the issuer's financial performance and financial flexibility.


  • View Credit Rating Announcement (CRA)
    PDF Download Available

Sign up here as a Member to view the CRA or to purchase the related report.