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.
SAMMAANCAP · price
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S&P Global Ratings has upgraded Sammaan Capital's long-term international credit rating to BB- with a Stable Outlook, following the strategic investment by International Holding Company (IHC) on March 31, 2026. This is the fourth consecutive upgrade — CRISIL moved to AA+/Stable on April 9, CARE to AA+/Stable on May 12, and ICRA to AA+/Stable on May 20, 2026. S&P cited expected improvement in business profile, better funding access, strong capitalization, and rising profitability as drivers. The company states these upgrades have already reduced incremental borrowing costs and boosted market confidence, which should support higher disbursements and faster growth execution.
Positive for shareholders — broad-based rating upgrades across all major agencies lower Sammaan's cost of funds, improve access to cheaper credit, and strengthen its competitive position, which can support earnings growth and a re-rating of the stock.