Fitch rates KSA sukuk ‘A+’

Fitch rates KSA sukuk ‘A+’
(Photo Credit: Arabianeye-Reuters)

Riyadh – Mubasher: Fitch Ratings has assigned on Thursday a final rating of “A+” to Saudi Arabia's US dollar-denominated sukuk, with a stable outlook.

The rating firm noted that the rating comes in line with the expected rating assigned on 4 April 2017.

Earlier, the Saudi Ministry of Finance (MoF) said that it had received strong demand from investors on its first global issue under the sukuk programme.

Total subscription orders for the sukuk surpassed $33 billion (SAR 123.75 billion).

Source: Mubasher