Rawasi Albina gets LT entity rating of ‘BBB’, outlook ‘Stable’

16/10/2023 Argaam
Logo ofRawasi Albina Investment Co.

Logo of Rawasi Albina Investment Co.

Rawasi Albina Investment Co. obtained a long-term entity rating of “BBB” from Financial Analytics Co. with a “Stable” outlook, according to a statement to Tadawul.

 

The rating reflects adequate creditworthiness and thus an average credit risk.

 

It further underpins the positive view of the company’s strong financial position, together with its credit indicators capable of meeting any financing requirements in the future.

 

This rating is the first for the company, the statement added.

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