Sukuk rating now mandatory only in M'sia, but expected to grow with sukuk growth
According to Fitch Ratings, the growth of sukuk issuance in 2013 will be ensured by strong demand, mainly in originator-backed (asset-based) sukuk structures. Expectations for 2012 global sukuk issuances are for them to reach USD121b. This is an increase of 62% compared to the USD84.4bn the year before. At the moment Malaysia is the only country where sukuk rating is mandatory. The rating is considered to play a significant part in improving the confidence in this growing instrument.
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