VOL. XLVII
No 21
24-May-2004
BAHRAIN
RATINGS
BMA International Sukuk Company A- Rating Unchanged Following Deal Restructuring
Ratings agency Standard & Poors said on 19 May that its preliminary A- foreign currency senior unsecured debt rating on Bahrain-based BMA International Sukuk Co (SPC)s planned issuance of $250mn floating-rate trust certificates (Ijara sukuk) remains unchanged following the decision to restructure the transaction. S&P originally assigned the rating in February (MEES,...
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