23.08.2012 - Fitch assigns Development Bank of Kazakhstan's Islamic finance programme
Fitch Ratings has assigned the Development Bank of Kazakhstan's (DBK) Islamic Medium Term Note Programme, which has a total value of up to 1.5bn Malaysian Ringgits (RM) (about USD479m), a final rating of 'BBB-'. The agency has also assigned a 'BBB-' rating to the debut five-year RM240m issue of sukuk (Islamic bonds) under the programme. The final ratings follow the receipt of documents conforming to information previously received by Fitch and completion of the first series of sukuk issuance under the programme...............................................Full Article: Source
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