Moody's Withdraws Credit Ratings of Ezdan
Holding Group and Subsidiary Ezdan Sukuk for Insufficient
Information
October 01, 2018
In a disclosure, Ezdan Holding Group announced that
credit rating agency Moody's withdrew the B1 credit rating of
the group, as well as Ezdan Sukuk Company, due to insufficient
information for the maintenance of the rating.
It should be noted that Ezdan Holding Group and its
subsidiary Ezdan Sukuk still hold another rating by Standard &
Poor's (S&P).
Ezdan believes that the withdrawal of this rating has
no material impact on its shareholders or holders of sukuk. The
group affirms compliance with applicable legislation and
regulations in this regards, including the issuance and listing
of securities, corporate governance and the legal entities
listed in the main market.
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