Doha: Fitch Ratings has affirmed the credit rating for the senior secured bonds (senior debt) of Nakilat Inc. (a Qatari public shareholding company) amounting to USD 850 million, maturing in 2033, at “-AA” with a stable outlook.

According to Qatar News Agency, the agency also affirmed the rating for the company’s subordinated second priority secured bonds (junior debt) of USD 300 million, maturing in 2033, at “+A” with a stable outlook. This development was detailed in a statement released by the company and published on the Qatar Stock Exchange website on Monday.