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Sovereign Wealth Funds Briefing - Categorized | Market

Fitch assigns Bahrain Mumtalakat Holding Company B.S.C. Sukuk Murabahah Program ‘BBB’ rating

Posted on 03 October 2012

Fitch Ratings has assigned Bahrain Mumtalakat Holding Company B.S.C.’s (’BBB’/Stable/’F3′) MYR3bn Sukuk Murabahah Programme a ‘BBB’ rating. The final rating is the same as the expected rating reflecting the completion of the issuance and receipt of final documents conforming to the information previously received by Fitch.
The Sukuk Murabahah Programme’s rating is in line with Mumtalakat ’s Long-term Issuer Default Rating (IDR) and senior unsecured rating. Mumtalakat is wholly-owned by the Government of Bahrain and was created to act as an independent holding company for the Government of Bahrain’s stakes in strategic non-oil and gas assets of the Kingdom of Bahrain………………………………………..Full Article: Source


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