CARE Ratings upgrades credit rating of Sammaan Capital Limited by two notches to AA+/Stable
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CARE Ratings has upgraded Sammaan Capital Limited's long-term debt programme rating by two notches to AA+/Stable, with perpetual debt instruments also upgraded to AA/Stable from A+. The Commercial Paper and Short-Term NCD ratings were maintained at A1+. The upgrade follows International Holding Company (IHC) acquiring a controlling stake in the company, bringing strategic importance to SCL within IHC's financial services roadmap. CARE cited IHC's commitment to provide financial, strategic and operational support, the group's mortgage finance track record, experienced management, comfortable capital structure supported by equity infusions, and adequate liquidity buffers as key factors. CRISIL had similarly upgraded the rating to AA+/Stable in April 2026.
A two-notch credit rating upgrade signals significantly improved creditworthiness and financial stability, which could lower borrowing costs and strengthen investor confidence in the company.