Credit Ratings Group's Rating:
On March 8, 2022, S&P Global Ratings lowered its long-term issuer credit rating on Al Baraka Group B.S.C. (ABG) to 'B+' from 'BB-'. The outlook is negative. At the same time, S&P Global Ratings affirmed its 'B' short-term issuer credit rating on ABG.
The Islamic International Rating Agency (IIRA) has rated ABG as BBB+ / A3 on the International scale and A+ (bh) / A2 (bh) in the Stable scale, with a fiduciary score of 81-85.
(10 February 2022).