VOL. XLV

No 37

16-September-2002

RATINGS

S&PAssigns A- Rating To Bahrain Islamic Leasing Bonds

Standard & Poors (S&Ps)Ratings Services said on 4 September it has assigned a single A-minus foreign-currencysenior unsecured debt rating to Bahrains third issue of Islamic Leasing Sukuk (bonds) offered on 29 August. The third issue of the Sukuk amounts to $80mn, carries afive-year maturity, and has a rental return of 4% per year paid half-yearly inFebruary and August. The Sukuk, which were...