VOL. XLVII
No 08
23-February-2004
RATINGS
S&P Gives Bahraini Sukuk Preliminary A- Rating
Standard & Poor's Ratings Services announced on 18 February that it has assigned its preliminary A- foreign currency senior unsecured debt rating to the upcoming Bahrain Monetary Agency International Sukuk Company's (BSC) planned issuance of $250mn floating-rate trust certificates (Ijar'a sukuk) maturing in 2009. The entity is a special-purpose company with the single objective of participating in this...
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