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S&P: GE Capital Sukuk $500mln trust certificates assigned AA+ rating

Posted on 17 December 2009

From Menafn.com: Standard & Poor’s Ratings Services said today that it assigned its ‘AA+’ issue-level rating on the $500 million sukuk (trust certificates) issued by GE Capital Sukuk Ltd., a limited liability exempted company incorporated under the laws of Bermuda.

The rating is based on the final sukuk documentation dated Nov. 27, 2009. The sukuk assets consist primarily of ownership interests in aircraft assets and rights under the lease agreements entered into regarding these assets………………………………..Full Article: Source

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