Mumtalakat 2019 Annual Report

Year in review

Ratings

Our ratings equivalent to the Sovereign as of 31st December 2019 were as follows:

Fitch Ratings

Long-termIssuerDefaultRating:BB-
SeniorUnsecuredRating:BB-
Short-termIssuerDefaultRating:B
Outlook:Stable

Standard & Poor’s:

Long-termIssuerDefaultRating:BB-
SeniorUnsecuredRating:BB-
Short-termIssuerDefaultRating:B
Outlook:Stable

Linaburg-Maduell Transparency Index Ratings:

10/10 transparency rating