24.06.2011 - Moody's assigns (P)A3 to upcoming Malaysian sovereign Sukuk
Moody's Investors Service has assigned a provisional foreign currency rating of A3 to the securities under Malaysia's proposed U.S. dollar-denominated sovereign sukuk. In Moody's opinion, the payment obligations represented by the securities available on offer are pari passu with other senior, unsecured debt issuances of the Government of Malaysia and thus justify a rating at the same level. Moody's expects to remove the provisional status of the rating upon the closing of the proposed issuance and a review of its final terms. (Press Release)