Moody’s Ratings Upgrades Nakilat Inc.’s Rating to “Aa3” from “A1” with a Stable Outlook

Doha, Qatar – 4 February 2024

Nakilat (Ticker: QGTS) today announced that Moody’s upgraded Nakilat Inc.’s and its senior secured notes to “Aa3” from “A1”, and the subordinated debt to “A1” from “A2” with a stable outlook.

These strong credit ratings were issued by the international credit rating agency and are in line with the State of Qatar’s credit rating upgrade and based on Moody’s review of Nakilat Inc.’s current and future financial & operational performance.