Standard & Poor’s Ratings Services assigned its ‘BB+’ long-term foreign currency issue rating to the proposed issue of benchmark-sized global Sukuk trust certificates by Perusahaan Penerbit SBSN Indonesia II, a fully-owned special purpose vehicle of the Republic of Indonesia.

According to S&P’s ratings scale, BB is below investment grade and thus termed “junk.”

http://cpifinancial.net/v2/News.aspx?v=1&aid=9719&sec=Islamic%20Finance

 

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