26.03.2012 - Saudi Electricity Sukuk gets stable outlook

Moody's Investors Service has assigned an A1 rating with a stable outlook to the proposed issuance of trust certificates (sukuk) by Saudi Electricity Global Sukuk Company, a special purpose vehicle of Saudi Electricity Company (SEC). Moody's considers the sukuk, which follows the structure of an 'Ijarah' transaction, to be a senior unsecured obligation...............................................Full Article: Source

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