12.09.2012 - S&P rates Axiata Group's sukuk trust certificates 'BBB-'
Standard & Poor's Ratings Services today assigned its 'BBB-' rating to a proposed issue of benchmark Chinese-renminbi-denominated sukuk trust certificates due 2014 by Axiata Group Bhd. (BBB/Positive/--; axA+/--), a Malaysia-based telecommunications holding company. We also assigned our 'cnA' Greater China regional scale rating to the proposed issue. Axiata Group will issue the trust certificates through Axiata SPV2 Bhd., a Malaysia-domiciled special purpose vehicle that Axiata Group set up and wholly owns. The rating on the trust certificates is subject to our review of the final issuance documentation...............................................Full Article: Source
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