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Fitch Affirms Sinemacity BB Rating and Upgrades Outlook to Stable
Sinoomy Centers (Arabian Centres) reported that Fitch has revised the company's outlook from "Negative" to "Stable," while maintaining the credit rating at BB. This change reflects its success in refinancing its debts and strengthening its financial position. The agency noted that the company benefits from a diverse asset portfolio and growing operational performance. It also anticipates continued advantages from the operating environment in Saudi Arabia, with the potential for an improved rating if the "Jowhara Riyadh" and "Jowhara Jeddah" projects remain stable.
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