13.06.2013 16:05:00
|
JAFZ Sukuk (2019) Limited -- Moody's upgrades JAFZ's ratings to Ba3; review for upgrade
London, 13 June 2013 -- Moody's Investors Service has today upgraded Jebel Ali Free Zone FZE's ( "JAFZ") Corporate Family Rating (CFR) to Ba3 from B1, Probability of Default Rating (PDR) to Ba3-PD, and the rating on the US dollar-denominated trust certificates (sukuk) issued by JAFZ Sukuk (2019) Limited to Ba3. JAFZ's baseline credit assessment (BCA) has been raised to b1 from b2. At the same time, the ratings have been placed on review for upgrade.