Ahead of its $2bn Islamic bond issue, Ezdan Holding Group yesterday said global credit rating agencies Standard & Poor’s (S&P) and Moody’s have assigned it ‘BBB-’ and ‘Ba1’ ratings respectively.
“We consider the ratings by known international agencies, which are reliable in their evaluation, a real beginning to be exploited, as we are well confident in our ability to boost the group rankings in the coming years due to good performance in line with well-studied plans governing the group’s investments in various sector,” Ezdan Holding group chairman Sheikh Dr Khalid bin Thani bin Abdullah al-Thani said. “We have great hopes of achieving our goals in obtaining such international ratings”, he added.
He said the $2bn sukuk issuance would be in several tranches with the first one at $500mn.
Ezdan Holding is one of the largest key investment groups in Qatar, with its huge portfolio of investments in real estate and enormous financial investments in Islamic banking, takaful insurance, healthcare, and media companies, among others.
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