Credit Rating- Revision
Credit Rating- Revision
The international credit rating agency S&P Global Ratings has upgraded Sammaan Capital Limited s long-term [International] credit rating to BB- with Stable Outlook.The rating upgrade reflects the continued strengthening of the Company's credit profile following the strategic investment by International Holding Company PJSC (IHC). S&P expects an improvement in business profile, enhanced funding access, continued strong capitalization, and increase in profitability.With CRISIL having upgraded the Company s long-term rating to CRISIL AA+/Stable on April 9, 2026, CARE Ratings having upgraded the Company s long-term rating to CARE AA+; Stable on May 12, 2026, and ICRA having upgraded the Company s long-term rating to [ICRA]AA+/Stable on May 20, 2026, all the major rating agencies covering the Company have now upgraded their ratings following IHC s investment in the Company on March 31, 2026.The successive rating upgrades have already translated into improved market confidence and a meaningful reduction in the Company s incremental borrowing costs. Enhanced funding access and a lower cost of funds will strengthen the Company s competitive position, support higher disbursements and accelerate execution of its growth strategy.
The international credit rating agency S&P Global Ratings has upgraded Sammaan Capital Limited s long-term [International] credit rating to BB- with Stable Outlook.The rating upgrade reflects the continued strengthening of the Company's credit profile following the strategic investment by International Holding Company PJSC (IHC). S&P expects an improvement in business profile, enhanced funding access, continued strong capitalization, and increase in profitability.With CRISIL having upgraded the Company s long-term rating to CRISIL AA+/Stable on April 9, 2026, CARE Ratings having upgraded the Company s long-term rating to CARE AA+; Stable on May 12, 2026, and ICRA having upgraded the Company s long-term rating to [ICRA]AA+/Stable on May 20, 2026, all the major rating agencies covering the Company have now upgraded their ratings following IHC s investment in the Company on March 31, 2026.The successive rating upgrades have already translated into improved market confidence and a meaningful reduction in the Company s incremental borrowing costs. Enhanced funding access and a lower cost of funds will strengthen the Company s competitive position, support higher disbursements and accelerate execution of its growth strategy.