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S&P rates Dubai Sukuk floaters A+
Standard & Poor's said it assigned its A+ preliminary credit rating to the floating-rate trust certificates due 2012 to be issued by Dubai Sukuk Centre Ltd.
The preliminary rating reflects information and legal opinion available as of May 25, the agency said.
Subsequent information and legal opinion may result in the assignment of a final rating that differs from the preliminary rating, the agency noted.
The rating on the certificates reflects and is fully reliant on, the rating on DIFC Investments LLC (A+/stable/A-1), S&P said.
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