At the same time, Fitch has affirmed the Long-term local currency rating of 'CC' assigned to the company's KWD50m bond issue, and removed the Rating Watch Negative (RWN). The agency has simultaneously withdrawn the ratings, including the Recovery Rating of 'RR4', it had assigned to the bond issue.
Fitch will no longer provide analytical or rating coverage on the company.
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Fitch withdraws Global Investment House's ratings
- Kuwait: Wednesday, June 10 - 2009 at 10:03
- PRESS RELEASE
Fitch Ratings has affirmed and withdrawn Kuwait-based Global Investment House's Long-term foreign currency Issuer Default Rating (IDR) of 'D', Short-term foreign currency IDR of 'D', Long-term local currency IDR of 'D', Individual Rating of 'F', Support Rating of '5' and Support Rating Floor of 'No floor'.
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Log in to request more information from Fitch Ratings
Notes and media contacts
Media contacts:Robert Thursfield
Fitch Ratings
Dubai, UAE
Tel: +971 4408 1805
Philip Smith
Fitch Ratings
London, UK
Tel: +44 (0) 207 417 4340
Hannah Warrington
Fitch Ratings
London, UK
Tel: +44 (0) 207 417 6298
Posted by Siba Sami AmmariWednesday, June 10 - 2009 at 10:03 UAE local time (GMT+4)
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