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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Karachi, March 20, 2012: JCR-VIS Credit Rating Company Limited (JCR-VIS) has withdrawn the Management Quality (MQ) rating of 'AM2 - ' (AM-Two Minus) assigned to National Investment Trust Limited (NITL), with immediate effect, on account of non-renewal of rating contract.
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Karachi, March 20, 2012: JCR-VIS Credit Rating Company Limited (JCR-VIS) has withdrawn the Management Quality (MQ) rating of 'AM2 - ' (AM-Two Minus) assigned to National Investment Trust Limited (NITL), with immediate effect, on account of non-renewal of rating contract.
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Manama, Bahrain -20th March 2012 - The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been oversubscribed by 170%.
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Karachi, March 19, 2012: JCR-VIS Credit Rating Company Limited has reaffirmed the Insurer Financial Strength ( IFS ) rating of Century Insurance Company Limited (CICL) at 'A' (Single A) with a 'Stable' Outlook.
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Karachi, March 19, 2012: JCR-VIS Credit Rating Company Limited (JCR-VIS) has revised the entity ratings of Summit Bank Limited (SBL) from 'A/A-2' (Single A/A-Two) to 'A - /A-2' (Single A Minus/A-Two). Rating of the sub-ordinated debt instrument has been finalized at 'A-(SO)' (Single A Minus(SO)). Outlook on the assigned ratings is 'Stable'.