| Standard & Poor's Ratings Services has assigned its 'A' issue rating to the proposed Sukuk Trust Certificates to be issued late November, subject to investor demand, by ADCB Islamic Finance (Cayman) Limited, a special purpose company (SPC) of Abu Dhabi Commercial Bank (ADCB).
The 'A' rating on the proposed five-year $750 million Sukuk Trust Certificates is based on the 'A' long-term counterparty credit rating on ADCB and reflects ADCB's irrevocable undertaking to purchase the assets held by the issuer at the redemption date of the Sukuk...............................................Full Article: Source
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