| 24.02.2010 - Saudi Dar Al Arka ratings unchanged following US$450 mln sukuk issue |
| From Bi-me.com: Standard & Poor's Ratings Services said today that its long-term corporate credit rating on Saudi homebuilder Dar Al Arkan (DAAR; BB-/Stable/--) remained unchanged following the company's issue of its US$450 million sukuk notes. We believe this issue removes short-term refinancing risks, which is positive, but we note that the rating already incorporated successful refinancing of DAAR's March 2010 debt maturity..........................................Full Article: Source |