RATING upgrades AWPT long-term credit rating to “A” from “A-”, and assigned a short-term credit rating of “R2”
Alkhorayef Water and Power Technologies Co. (AWPT) announced that Financial Analytics Co. (RATING), licensed by the Capital Market Authority (CMA), upgraded its long-term credit rating to “A” from “A-”, and assigned a short-term credit rating of “R2”. 
In a statement to Tadawul, the company said the ratings reflect a strong credit profile, indicating high creditworthiness and very low credit risk.
The company added that the ratings reflect a positive assessment of its creditworthiness, based on several key factors, such as clear strategic plans and strong operational capabilities.
Furthermore, AWPT’s ability to generate robust cash flows and sustain revenue growth also supports its financial strength and sustainable performance.
The company noted that its strong financial position and favorable credit indicators demonstrate its ability to meet future financing requirements.
AWPT affirmed that the upgrade reflects its continued investment-grade credit rating, underscoring the strength of its financial position and creditworthiness, as well as its low level of credit risk.
RATING upgrades AWPT long-term credit rating to “A” from “A-”, and assigned a short-term credit rating of “R2”
Alkhorayef Water and Power Technologies Co. (AWPT) announced that Financial Analytics Co. (RATING), licensed by the Capital Market Authority (CMA), upgraded its long-term credit rating to “A” from “A-”, and assigned a short-term credit rating of “R2”.
In a statement to Tadawul, the company said the ratings reflect a strong credit profile, indicating high creditworthiness and very low credit risk.
The company added that the ratings reflect a positive assessment of its creditworthiness, based on several key factors, such as clear strategic plans and strong operational capabilities.
Furthermore, AWPT’s ability to generate robust cash flows and sustain revenue growth also supports its financial strength and sustainable performance.
The company noted that its strong financial position and favorable credit indicators demonstrate its ability to meet future financing requirements.
AWPT affirmed that the upgrade reflects its continued investment-grade credit rating, underscoring the strength of its financial position and creditworthiness, as well as its low level of credit risk.
