Sammaan Capital Limited’s long-term international credit rating has been upgraded to ‘BB-‘ with a Stable Outlook by S&P Global Ratings. This upgrade follows strategic investment by International Holding Company PJSC (IHC). The agency anticipates improvements in business profile, enhanced funding access, stronger capitalization, and increased profitability for the company.
S&P Global Ratings Enhances Sammaan Capital’s Outlook
Sammaan Capital Limited announced that S&P Global Ratings has upgraded its long-term international credit rating to ‘BB-‘ with a Stable Outlook. This significant development underscores the sustained strengthening of the Company’s credit profile, largely attributed to the strategic investment made by International Holding Company PJSC (IHC).
Factors Driving the Upgrade
S&P Global Ratings anticipates that the upgrade reflects a positive trajectory for Sammaan Capital. Key expectations include an improved business profile, greater accessibility to funding, continued robust capitalization, and an overall increase in profitability. These factors collectively contribute to a more favorable financial standing for the company.
Consistently Positive Ratings
This S&P upgrade follows a series of positive rating actions from other major credit rating agencies. Previously, CRISIL upgraded the Company’s long-term rating to ‘CRISIL AA+/Stable’ on April 9, 2026. CARE Ratings followed with an upgrade to ‘CARE AA+; Stable’ on May 12, 2026, and ICRA upgraded the rating to ‘[ICRA]AA+/Stable’ on May 20, 2026. All these upgrades have occurred subsequent to IHC’s investment in the Company on March 31, 2026.
Market Confidence and Financial Benefits
The series of successive rating upgrades has already had a tangible positive impact on market confidence. Furthermore, these upgrades are expected to lead to a meaningful reduction in the Company’s incremental borrowing costs. Enhanced access to funding and a lower cost of capital will bolster Sammaan Capital’s competitive position, support increased disbursements, and accelerate the execution of its strategic growth initiatives.
Disclosure Compliance
This disclosure is being made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Source: BSE
