S&P Global Ratings Upgrades Nakilat Inc.’s Rating to “AA-” from “A+” with a Stable Outlook

Doha, Qatar – 15 November 2022

Nakilat (Ticker: QGTS) today announced that Standard & Poor’s Financial Services (S&P) upgraded Nakilat Inc.’s and its senior secured notes to “AA-” from “A+”, and the subordinated debt to “A+” from “A” 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 S&P’s review of Nakilat Inc.’s current and future financial & operational performance.

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