Moody’s confirmed Sammaan Capital's B2 rating and upgraded the outlook to positive.

Moody’s Ratings has affirmed Sammaan Capital Limited's B2 long-term corporate family rating, while also maintaining the ratings for its (P)B2 foreign and local currency senior secured medium-term note (MTN) program. The rating agency has upgraded the outlook on Sammaan Capital’s ratings from stable to positive, reflecting the company’s significant credit loss buffers expected to balance its strong capital against high asset risks.

The positive outlook change is based on expectations that Sammaan Capital will continue to reduce its legacy assets and improve overall asset quality. From March 2024 to December 2024, gross non-performing assets (GNPA) are anticipated to decline due to write-offs and sales of troubled assets to asset reconstruction companies. Although GNPA has improved, the pool of stressed assets, including stage 2 and security receipts, has grown during this period, indicating ongoing challenges in financial access.