17.01.2013 - Sime Darby's proposed Sukuk assigned 'A' long-term rating
Standard & Poor's Ratings Services today assigned its 'A' long-term issue rating to a proposed $1.5 billion equivalent Sukuk issuance program by Sime Darby Global. “The issuer is a special purpose vehicle incorporated in Malaysia that Sime Darby Bhd. (A/Stable/--; axAAA) owns. The programme benefits from a purchase undertaking that Sime Darby provides to cover any payment shortfall in a timely manner and redeem the full value of the Sukuk at maturity,” said Standard & Poor’s...............................................Full Article: Source
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