The company said in a statement to the stock exchange today, Sunday, that confirming the classification reflects the company's independent credit position (B3) and the high probability of obtaining support - in case it is needed - from The main shareholder is the General Investment Authority; Due to its continuous association and contribution to the company through participation in the board of directors, financing and generating commercial businesses.
The company explained that the classification confirmation at the Ba2 category was unchanged from the previous classifications in place since November 2014, as well as maintaining a stable future outlook.
She stated that confirming the ratings mainly reflects Moody's view that the company's credit standing still reflects its lucrative business model and its ability to raise funds at a low cost and a low level of net debt to Property rights.
