Standard & Poor’s Ratings Services (S&P) has assigned an A rating to Sime Darby Bhd’s proposed issue of US dollar-denominated sukuk.
Sime Darby will issue the sukuk via Sime Darby Global Bhd, a Malaysia-domiciled special purpose vehicle that the company had set up and owns. “The rating on the sukuk is subject to our review of the final issuance documentation,” said the rating house in a statement………………………………………..Full Article: Source