10/29/2020 | Press release | Distributed by Public on 10/29/2020 01:09
Oct 29, 2020
SIMAH Rating Agency has assigned stc with the highest credit (AAA)
stc announces that it has been assigned with the highest grade credit rating by SIMAH Rating Agency-Tassnief- (Licensed by the Capital Market Authority) as 'AAA' for long term and 'T1' for short term.
The assigned credit rating grade reflects the positive vision of SIMAH Rating Agency 'Tassnief' on stc, represented by its strategic plans and operational capability with the support of its high cash flows and revenue growth. In addition to the strength of its financial position and its credit indicators to meet any financing requirements in the future.