Fitch Updates Criteria for Rating #Sukuk

Fitch Ratings has updated its criteria for rating Sukuk, which replace the existing criteria published on 18 August 2015. Fitch's analytical assumption is that the structure of the sukuk and the underlying transaction provides for full recourse to the originator and the sukuk rating is driven solely by the originator's rating. It remains uncertain whether certificate holders will be able to enforce their contractual rights in local courts. Ratings assigned to sukuk do not imply any confirmation that the sukuk are sharia-compliant.