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Moody’s Downgrades NIG Ratings Over Risk Profile
Published on Sunday, 14 Aug 21:00 pm
Moody’s Investors Service on 9 August downgraded to B3 with a stable outlook from B2 with a negative outlook the Corporate Family Rating (CFR) and Probability of Default Rating (PDR) of Kuwait’s National Industries Group Holding (NIG), as well as the instrument rating for the $475mn sukuk issued by NIG Sukuk Ltd.
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