Fitch Rates Noor Sukuk's New Trust Certificate Issuance Programme 'A-(EXP)'

April 14, 2015 9:28 AM

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(The following statement was released by the rating agency) LONDON/DUBAI/PARIS, April 14 (Fitch) Fitch Ratings has assigned Noor Sukuk Company Ltd.'s (Noor Sukuk) new trust certificate issuance programme an expected senior unsecured rating of 'A-(EXP)'.

A full list of rating actions is available at the end of this rating action commentary. The sukuk will be issued under Noor Sukuk's trust certificate issuance programme under which total issuance may be up to a maximum USD3bn equivalent. The final rating is contingent on the receipt of final documen...

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