Standard & Poor’s Ratings Service has assigned a “A-” long-term foreign currency preliminary issue rating for the proposed issue of Wakala Global Sukuk trust certificates.
In a statement today, the credit ratings provider said the preliminary rating was based on the draft offering memorandum, dated June 15, 2011, and various agreements and undertakings, and a declaration of trust dated June 13, 2011……………………………………….Full Article: Source