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Islamic Finance Briefing - Categorized | Banking, Bonds (Sukuk), Performance more

Saudi Arabia - Moody’s assigns Aaa to Islamic Development Bank’s sukuk MTN

Posted on 27 August 2009

From Globalarabnetwork.com: Moody’s Investors Service has assigned a Aaa rating, with a stable outlook, to the Islamic Development Bank’s US$ 1.5 billion Sukuk MTN program.

Under the proposed sukuk structure, trust certificates (”certificates”) will be issued by IDB Trust Services Limited, a Jersey-based finance vehicle…………..Full Article: Source

 
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