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Fitch assigns $1.5 billion DP World Sukuk 'BBB-' rating

Fri, 2011-07-08 21:32 — newsdesk

Fitch Ratings has given DP World Sukuk's existing $1.5 billion Sukuk issue of senior unsecured trust certificates a final long-term senior unsecured 'BBB-' rating. The certificates were launched on 2 July 2007 and are due in 2017. DP World acts as the obligor of the Sukuk certificates.
Moreover, DP World is possible to supplement any shortfall in the returns generated by the underlying assets in order to make periodic payments in full.

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http://www.cpifinancial.net/v2/News.aspx?v=1&aid=8557&sec=Islamic%20Finance