The ratings for the senior notes are on a par with Global's Issuer Default Ratings (IDR) of Long-term IDR 'BBB' and Short-term IDR 'F3' and, if these ratings should change, then the ratings assigned to the programme as well as the ratings assigned to any notes issued under the programme may also change.
The ratings are for the general programme and it cannot be assumed that each individual issue under the programme carries the applicable programme rating.
Global's other ratings are Individual 'C', Support '5' and Support Rating Floor 'No Floor'. Global has a Stable Outlook.
Global was established in Kuwait in 1998 and listed on the Kuwaiti stock exchange in 2003. It is also listed in Bahrain and Dubai, and has offices and associates throughout the Middle East, North Africa, Pakistan, India and Hong Kong. Global's activities include corporate finance, private equity, investment funds, brokerage and research, focusing on local, regional and international clients, and investment opportunities, primarily in the Gulf and elsewhere in the Middle East.
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Fitch rates Global Investment House's $2bn EMTN Programme 'BBB/F3'
- Kuwait: Tuesday, October 16 - 2007 at 16:21
- PRESS RELEASE
Fitch Ratings has today assigned Kuwait-based Global Investment House's (Global) $2bn euro medium-term note programme a Long-term rating of 'BBB' for long-term senior debt and a Short-term rating of 'F3' for short-term senior debt.
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Notes and media contacts
Contact:Kamal Raja, Philip Smith, London,
Tel: +44 (0) 20 7417 4222
Media Relations:
Hannah Warrington, London
Tel: +44 (0) 207 417 6298
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the "Code of Conduct" section of this site.
Posted by Medilyn Manibo, Assistant News EditorTuesday, October 16 - 2007 at 16:21 UAE local time (GMT+4)
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