National Industries Group Holding - Issue Rating on KWD50mn Bond Confirmed

Overview

Capital Intelligence Ratings (CI Ratings or CI) has confirmed the 'BBB-' issue rating assigned to the upcoming KWD50mn senior unsecured bond issued by National Industries Group Holding (NIGH) following receipt of the final Terms & Conditions. The Outlook on the rating is Stable. The proceeds of the planned issue will be principally used to retire outstanding bank debt.

Attachments

• Rating Announcement (CRA)
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