Estithmar Holding - Rating of ‘qaBBB’ (Qatar National Scale) Assigned to QAR500mn Series 1 Trust Certificates

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has assigned a first-time 'qaBBB' issue rating on the Qatar National Scale to the QAR500mn Series 1 trust certificate issuance by Estithmar Sukuk Limited LLC. The latter is a Special Purpose Company  (SPC), incorporated in the Qatar Financial Centre for the purpose of acting as the issuing entity for the Obligor, Estithmar Holding Q.P.S.C. (EH). The Outlook on the rating for this issue is Stable. The maturity date for Series 1 will be September 2nd 2027. The profit rate on the issue is 8.75%.

Attachments

• Rating Announcement (CRA)
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