- Business
- Credit Rating and Collection Company KSCP (Boursa Kuwait: TAHSSILAT) is a Kuwait-based financial services company specializing in credit assessment, trade and consumer debt recovery, and non-performing asset management. Established in 1998 and headquartered in Kuwait City, Kuwait, the company delivers credit risk and debt lifecycle solutions in compliance with Islamic Sharia principles to commercial banks, Islamic financing institutions, government agencies, corporate enterprises, and small-to-medium businesses across Kuwait and the Gulf Cooperation Council (GCC) region. The company operates through specialized business segments, offering products and services that include: Commercial and Consumer Debt Collection Services, comprising amicable settlement negotiations, special collections, field recovery, skip tracing, and judicial execution support; Debt Purchasing and Acquisition, encompassing the direct buyout, financing, and administration of distressed accounts receivable and delinquent trade debt portfolios; Credit Rating and Information Services, covering counterparty solvency assessments, corporate institutional evaluation, compliance and transparency reviews, and rating assessments for securities, shares, bonds, and commercial debt instruments; Debt Remedial and Asset Recovery Management, delivering credit risk advisory, loan restructuring, collateral evaluation, and asset securitization services; and Sharia-Compliant Portfolio and Investment Management, managing surplus corporate funds across specialized liquid portfolios and short-term financial instruments. In recent developments, Credit Rating and Collection Company has advanced a corporate turnaround and operational optimization strategy aimed at strengthening core recovery operations and improving financial performance. The company has updated its debt remediation frameworks, upgraded its debtor tracking and skip-tracing capabilities, and restructured its managed debt portfolios to accelerate cash recovery cycles. Additionally, the company has expanded its corporate risk advisory mandates across regional financial institutions and aligned its asset management activities to stabilize revenue generation alongside its primary shareholder, The Investment Dar.