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Fitch assigns $1.5 bln DP World Sukuk ‘BBB-’ rating

Posted on 08 July 2011

Fitch Ratings has assigned DP World Sukuk’s existing $1.5 billion Sukuk issue of senior unsecured trust certificates a final long-term senior unsecured ‘BBB-’ rating. The certificates were issued on 2 July 2007 and are due in 2017
DP World Sukuk Limited is a special purpose vehicle established to act as the issuer and trustee to the Sukuk certificate holders. The final rating assigned to DP World Sukuk‚Äôs existing Sukuk issue follows Fitch’s assignment of an initial rating to DP World Ltd (DP World; ‘BBB-’/Stable) on 23 March 2011. DP World acts as the obligor of the Sukuk certificates……………………………………….Full Article: Source

 
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