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Islamic Finance Briefing - Categorized | Banking, Financial Instruments (Credit Cards, Debts, Loans, Mort more

Fitch rates Development Bank of Kazakhstan’s RM1.5bln Islamic medium term note programme ‘BBB-(EXP)’

Posted on 26 June 2012

Fitch Ratings has assigned Development Bank of Kazakhstan’s (DBK) forthcoming Islamic Medium Term Note (IMTN) Programme a ‘BBB-(exp)’ expected rating.
The IMTN Programme expected rating is equalised with DBK’s Long-term foreign-currency Issuer Default Rating (IDR). Assignment of the final rating is contingent upon receipt of the final documentation from the issuer. Fitch notes, however, that issues under the Programme may not necessarily be assigned a rating and the issues may not necessarily be assigned the same ratings as the rating of the Programme………………………………………..Full Article: Source

 
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