Kuwait-Mubasher: Capital Intelligence (CI) affirmed the ‘BBB-’ rating of bonds issued by Alargan International Real Estate, according to a bourse filing.
The Kuwaiti company had issued KWD 26.5 million bonds in April 2012, with duration of five years.
The international rating agency noted that the Outlook for the rating is however raised to ‘Positive’ from ‘Stable’.
Alargan issued a report highlighting the company’s supportive financials results in 2015.
The company said that gross banking facilities are expected to increase in 2016.
