Doha: Fitch Ratings has affirmed Nakilat Inc.'s USD 850 million senior secured bonds (senior debt) due 2033 at 'AA-', and its USD 300 million subordinated second priority secured bonds (junior debt) due 2033 at 'A+' with stable outlook. Nakilat Inc. is a subsidiary of Nakilat, according to a Nakilat press release posted on Qatar Stack Exchange website on Sunday.

According to Qatar News Agency, the affirmation of the bond ratings with a stable outlook reflects the financial position of Nakilat Inc. The company's USD 850 million senior secured bonds have been rated at 'AA-', while the USD 300 million subordinated second priority secured bonds have received an 'A+' rating. These ratings are set to remain stable until their maturity in 2033.