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The Outlook has been revised to Stable from Positive.
Today's rating action follows Fitch's upgrade of the Islamic Development Bank's (IDB) Long-term IDR to 'AAA' from 'AA+' on 5 December 2007. The IDB provided a guarantee for the full maturity value of the trust certificates to the certificate holders via commitments under a deed of guarantee, trust deed and purchase undertaking deed.
Transaction details and surveillance information on this deal are available on the agency's subscription website.
Fitch upgrades Solidarity Trust $400m notes to 'AAA'; Outlook Stable
Fitch Ratings has today upgraded Solidarity Trust's USD400m notes (XS0173960641) due in August 2008 to 'AAA'.
- Bahrain: Wednesday, January 09 - 2008 at 07:22
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Contact: Carlos Castro, London, Tel: +44 (0) 20 7682 7301; Ockert Doyer, +44 (0) 20 7417 6266.Media Relations: Julian Dennison, London, Tel: +44 20 7862 4080.
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.
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Posted by Anne-Birte Stensgaard, Senior News EditorWednesday, January 09 - 2008 at 07:22 UAE local time (GMT+4)
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Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
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