Standard & Poor’s Ratings Services today assigned its ‘A-’ long-term foreign currency preliminary issue rating to the proposed issue of benchmark-sized Wakala Global Sukuk trust certificates. Wakala Global Sukuk Bhd. will issue the certificates.
This trustee is a special purpose vehicle set up and wholly owned by the federal government of Malaysia (foreign currency A-/Stable/A-2, local currency A+/Stable/A-1; axAAA/axA-1+). (Press Release)