VOL. XLVI

No 37

15-September-2003

QATAR

CAPITAL MARKETS

S&P Gives Qatar Global Sukuk A+ Rating

S&P assigned its A+ foreign currency senior unsecured debt rating to Qatar Global Sukuk (QGS) planned issuance of floating rate Sukuk (trust certificates). The transaction involves QGS issuing rated trust certificates (Sukuk), allowing the government of the State of Qatar to raise funds on terms compliant with Shari'a principles.

QGS will purchase a certain land parcel from the government of the...