By anas on Tuesday, 20 January 2015
Category: Muslim Businesses Blog

New S&P criteria draw line between sukuk issuers, sponsors

By Bernardo VizcainoJan 20 (Reuters) - Credit rating agency Standard & Poor&aposs said it had updated its criteria for Islamic bonds to distinguish more clearly between issuers of sukuk and sponsors of them.Sukuk tend to be more complex than conventional bonds because they use structures designed to avoid interest payments. They often involve special-purpose vehicles (SPVs) which issue the paper a
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