Moody's assigns Baa1 to the $300m Sukuk issuance from Tamweel Funding III
1/20/2012 3:03:11 PM
Moody's Investors Service has assigned a Baa1 senior unsecured debt rating (outlook stable) to the $300m sukuk issuance of Tamweel Funding III Ltd (the Issuer), established in the Cayman Islands. This issuance benefits from an unconditional and irrevocable guarantee from Tamweel PJSC's majority shareholder, Dubai Islamic Bank PJSC (DIB) rated Baa1.
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