Moody’s assigns Ba1 rating to NMC Healthcare - The National

Moody’s assigns Ba1 rating to NMC Healthcare - The National:

"Moody’s Investor Service assigned a Ba1 rating to NMC Healthcare, the largest publicly-traded healthcare provider in the UAE, the first time the agency has rated the company.

The agency assigned the firm, which has a market value of $10.8 billion, a Ba1 corporate family rating and Ba1-PD probability of default rating. That puts the company one notch below investment grade, meaning that investment in the firm’s debt has an element of speculation and carries some credit risk. Moody's said the outlook on the rating was stable.

The ratings with a stable outlook “reflect its business profile as the largest healthcare provider in the United Arab Emirates, which is an affluent healthcare market with an attractive demographic profile,” Moody’s said."



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