Tassnief maintains Quara Finance’s investment-grade rating

Quara Finance keeps investment-grade stamp

Quara Finance has held onto its investment-grade status, with Saudi rating agency Tassnief maintaining its long-term entity rating at BBB- and its short-term rating at T-4 with a stable outlook, it said in a disclosure to Tadawul. The rating — the lowest rung of investment grade — highlights a fintech player that is successfully balancing aggressive growth in the retail and SME segments with a “superior” capitalization and liquidity profile that outperforms many of its peers.

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