Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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The country's curve has rallied since the US and Iran agreed on a peace MoU
Most of the demand came from local investors, as one banker expected
Price was 'way off' fair value, according to a source on the deal
Rare borrowers Burjeel Holdings and Avilease also marketing deals
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Karachi, April 5, 2012: JCR-VIS Credit Rating Company Limited (JCR-VIS) has downgraded the Insurer Financial Strength ( IFS ) rating of The Crescent Star Insurance Company Limited (CSICL) from 'BBB - ' (Triple B Minus) to 'BB+' (Double B Plus). The rating remains under 'Rating Watch - Developing Status' given the continuing shortfall in the company's paid-up capital vis-à-vis minimum capital requirement.
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Karachi, April 5, 2012: JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the entity ratings of Zarai Taraqiati Bank Limited (ZTBL) at ‘B+/B’ (Single B Plus/Single B). JCR-VIS has also assigned ratings of ‘AAA/A-1+’ (Triple A/A-One Plus) to all government guaranteed debt and deposits mobilized by the bank. Outlook on the assigned ratings is ‘Stable’.
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Last week's strong close to the first quarter for sukuk issuance has paved the way for a batch of debut issuers contemplating the Islamic bond markets.
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The Islamic finance market prepared to welcome a badly needed new sukuk fund as Dubai headquartered Rasmala Investment Bank readied a push into bond fund management.
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Date posted: 4 April 2012
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DOW JONES ISLAMIC MARKET TITANS 100 INDEX CLOSED UP 1.19% IN MARCH