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Malaysia’s US$2 bln Wakala Global Sukuk Trust certificates assigned ‘A-’ preliminary rating

Posted on 24 June 2011

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)

 
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