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Saudi Electricity Sukuk gets stable outlook

Posted on 26 March 2012

Moody’s Investors Service has assigned an A1 rating with a stable outlook to the proposed issuance of trust certificates (sukuk) by Saudi Electricity Global Sukuk Company, a special purpose vehicle of Saudi Electricity Company (SEC).
Moody’s considers the sukuk, which follows the structure of an ‘Ijarah’ transaction, to be a senior unsecured obligation………………………………………..Full Article: Source

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