29.10.2012 - Sukuk issues by GCC governments hit record levels
Sukuk issuances by GCC governments have reached record levels this year, on the back of positive regional economic developments. Sound liquidity in regional financial systems, a strong local appetite for debt as well as accommodative worldwide monetary policies, is responsible for the trend, according to a report by credit ratings agency Standard & Poor's. "As access to capital markets widened, several corporate issuers in the region were able to successfully refinance large amounts of debt falling due, notably by tapping the sukuk market," said credit analyst Tommy Trask...............................................Full Article: Source
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