Kuwait-Mubasher: Al Imtiaz Investment Group said it had its ratings affirmed by Capital Intelligence (CI) at “BBB-” Long-Term (L/T) and “A3” Short-Term (S/T).
The Kuwaiti company said in a bourse statement that CI has upgraded its Outlook to “Positive” from “Stable”.
On its part, CI said that Al Imtiaz’s upgraded outlook was due to the continuous debts decrease as well as the successful program of exiting non-fundamental assets.
The rating agency said that Al Imtiaz is expected to keep its plan for shrinking the overall debts during 2016.
