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,...