Middle East Economic Survey
Moodys Assigns Aaa Rating To Islamic Development Bank Sukuk
Moodys Investors Service announced on 26 August that it has assigned an Aaa rating with a stable outlook to the Islamic Development Banks (IDBs) $1.5bn sukuk medium term note program. Under the proposed sukuk structure, trust certificates will be issued by IDB Trust Services Limited, a Jersey-based finance vehicle. The net proceeds of the issue will be used to purchase a...