Moody’s cancels OTEL sukuk rating

Moody's Investors Service said it withdrew the Ba2 rating on OTEL Sukuk Ltd.'s planned backed senior unsecured sukuk trust certificates and its positive outlook.

OTEL is a special purpose vehicle established in the Cayman Islands by Oman Telecommunications Co. SAOG (Omantel).

Moody’s said it withdrew the rating because Omantel did not issue the certificates.

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