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

Qatar Real Estate Investment Company: Rating of $300m Alaqaria Sukuk affirmed

Posted on 16 April 2010

From Globalarabnetwork.com: Fitch Ratings has today affirmed Qatar Real Estate Investment Company Q.S.C.’s (Alaqaria) Long-term Issuer Default rating (IDR) and senior unsecured rating at ‘BBB+’, and its Short-term IDR at ‘F2′. The IDR and senior unsecured were removed from Rating Watch Positive (RWP). The Outlook is Stable.

The senior unsecured rating of Qatar Alaqaria Sukuk Company (QREIC)’s USD300m Sukuk bonds (due 2012) has also been affirmed at ‘BBB+’, and removed from RWP…………………..Full Article: Source

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