Kuwait Projects Co SPC Limited
KIPCO - Ratings and Outlook Affirmed by Capital Intelligence
Kuwait Projects Company (Holding) K.S.C.P., in its capacity as the Guarantor of Kuwait Projects Co SPC Limited, announced that Capital Intelligence Ratings (CI Ratings or CI) has affirmed its Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) at ‘BB+’ and ‘B’, respectively. The Outlook on the ratings remains Positive.
CI Ratings has highlighted the Group’s resilience amid the challenging geopolitical environment. The rating assessment recognises the Group’s strong liquidity position, declining debt levels and improved debt maturity profile, with sufficient resources to meet its near-term obligations. CI Ratings also expects lower financing costs and improving interest coverage and dividend inflows from 2028 onwards.
The rating announcement can be accessed at https://ciratings.com/
For further information, please contact:
Investors, Press and Media:
Eman Al-Awadhi
49th Floor
KIPCO Tower, Khaled Bin Al-Waleed St, Sharq
P.O. Box 23982
Safat 13100
Kuwait
Tel: +965 2294 3416
Email: eman.alawadhi@kipco.com