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News & Credit Rating Announcements
27 July 2022 | Country: Kuwait
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National Industries Group Holding – Provisional Issue Rating of ‘BBB-’ Assigned to Proposed KWD50mn Bond
Overview
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has assigned an initial provisional rating of 'BBB-' to the proposed KWD50mn senior unsecured bond issued by National Industries Group Holding (NIGH). The Outlook on the rating is Stable. The proceeds of the planned issue will be principally used to retire outstanding bank debt.
Attachments
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Rating Announcement (CRA)
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