Saad Group outlook revised to 'stable' on improved capital structure

Business Intelligence Middle East reported on 9 April that Standard & Poors revisied Saad Group outlookto 'stable' on improved capital structure. At the same time, the 'BBB+' long-term corporate credit ratings were affirmed.

Standard & Poor's credit analyst is Mohammed Fayek.

The potential for a rating upgrade is constrained by leverage and the potential for volatility in portfolio value. A sustained weakening of equity markets or a more aggressive growth strategy and subsequently higher leverage for the group could have negative implications for the rating.

Saad issued a Sukuk.

Source: http://www.bi-me.com/main.php?c=3&cg=2&t=1&id=19032