Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Cagamas Global Sukuk Bhd. > News item |
Moody’s rates Cagamas sukuk A3
Moody’s Investors Service said it assigned an A3 rating to Cagamas Global Sukuk Bhd.’s proposed S$162.75 million senior unsecured fixed-rate sukuk.
The outlook is positive.
The rating is the same level as the A3 foreign-currency long-term issuer rating of Cagamas Bhd., Moody’s said.
The proposed sukuk will be issued pursuant to Cagamas Global Sukuk’s $2.5 billion multi-currency sukuk issuance program, the agency said.
The sukuk certificates will represent Cagamas’s direct, unsubordinated and unsecured obligations and rank pari passu with the company’s existing and future unsecured and unsubordinated obligations, Moody’s said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.